Keep in mind the trade off of having that power and a full OS will be lower battery life. We're a ways off for having small, light devices with that kind of power than can match the 10 hour battery life of the iPad.
I'm fine with a stripped down OS as I just want to tread books and PDFs, mark them up, and watch some videos, surf the net etc.
The iPad is just too stripped down with it's lack of an accessible file system etc. But I don't need Windows 7 either. Android, WebOS etc. with a file system and Flash support and I'd be a happy camper personally.
I'll still use my laptop and desktop for all my real computing needs. My tablet will just be my reader and sometimes media consumption device.
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