I wish I could feign impartiality, but I have an irrational dislike for all things Apple. Which is unfair because they've made some good products, supposedly have great customer service, and their creativity software is second to none in their field. Perhaps it's how shoddily-made much of their hardware has been over the years. Perhaps it's the segment of their cult/hardcore following who buy Apple as a means of denoting social status (iPeen) and couldn't tell their ass from a hole in the ground in real computer land. More likely it's because for 30 years they've charged double the price for the same technology found in any PC (which is particularly egregious ever since they've been using the same chip sets that every other computer uses) and I'm cheap.
All that said, I don't begrudge any particular Mac/iPod/iPhone/iWhatever user. Different strokes for different folks and all that.
With that huge conditional statement out there, the thing looks like a cross between a netbook and a touch-screen Etch-a-Sketch to me. Good luck with your Newton Mach 2, folks. I personally don't see the purpose.
And yes... the iPad is a silly name.