See the full post for the rest of the perspective
The worst thing about the device, incidentally, is the way the software is restricted. Few ordinary users will notice or care, but I think it's a real drawback that everything has to be approved by Apple. The company used its grip over the App Store to block certain very cool apps from reaching the iPhone. Cory Doctorow wrote an interesting post about this over at BoingBoing. Perhaps most importantly, unless the iPad proves a massive hit, the need to clear the App Store is going to discourage a lot of developer innovation and experimentation.
I think the iPad has received so much press attention in part because many in the industry hope it will have a transforming impact. Danny O'Brien of the EFF offers a dose of realism for those folks, comparing creating content for the device to the trend in putting interactive CD-ROMs on the front of magazines. And we all know how revolutionary those were.