I have both the Kindle DX and iPad.
For me the iPad is the CLEAR winner for magazines, comics, newspapers. Some of the media created especially for the iPad is incredible. If you are a newspaper/media junky, the iPad is worth getting.
However for books, the Kindle is still a great device and the iPad 'enhancements' are mostly unnecessary shiny UI things (color covers and bookshelf graphics, page turns). I'd have to say the iPad dictionary is well integrated though. The IPS screen on the iPad looks great, but the Kindle screen also looks great for plain text. If you read JUST books, then the Kindle is still a solid device and has the advantage of a longer battery life. However at the current Kindle DX pricepoint I think you'd be mad not to get an iPad because of the other things it can do besides e-books.
DX needs to be priced around $350 at the most to compete with iPad, or updated asap to include color and few other features. I use my Kindle still, but it sits next to my bed, the iPad is the device I carry with me.
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