They have these things called laptops, or netbooks, which can be had in similiar dimensions, which has more features, like webcams, and you can actually use it for things besides reading books and watching youtube. Or you can just use your iphone and do everything the ipad does already, even make phone calls.
Steve Jobs isnt retarded. This thing will sell like hotcakes because he has a cult following, and new, hip and trendy marketing. When he finally does die of a heart attack or whatever is wrong with him, I bet atleast 1 person commits suicide.