Now more details of the product is coming up, which is making me oh my God, why they missed the very basic ones
No Camera / No Video Chat
Being a Portal Mobile Internet device, it does not offer camera, so you cannot do Video Chat using the Ipad, dude you can ask me I will connect USB Video Camera see down for that too.
No Flash Support
Steve told Browsing will be great using IPAD, in reality 70% of worlds RIA in the world is in Flash, without Flash support, Your Rich Internet Application(RIA) cannot be accessed, so you cannot play online games, More shocker is
You cannot play games in FaceBook, So if you buy this product No Cafe world, No Farmville, No Mafia Wars etc
No Multi Tasking
Even My Old Nokia Phone does this, I can hear FM Radio while typing SMS but in IPad you can open one application at a time, it means you cannot hear music while U r browsing or reading EBooks. Technically speaking doing this gives the Apple IPad 10hr battery life, but as a customer multi tasking is important
No USB Port
You can argue with me, it has Wifi but the question is you cannot connect your Pen Drive or even CD / DVD Rom to watch a movie, No Usb Camera, No USB Keyboard, Nothing in USB is supported may be they don't want over load the OS with extra drivers.
You cannot even connect your Digi Camera, Mobile directly and download your photos since it does not have USB port, you need to download to PC then using Wi-fi transfers to Ipad errrrr a long process it ages dude.
Storage
Its limited only 16GB or 64GB no SD slot, you cannot increase the storage it is yet another let down either buy $899 Ipad or live with 16GB
No HDMI Output
IPAD supports HD videos, YouTube HD and you can buy a HD Movie in iTunes but you cannot connect to your TV and enjoy the same.
App Store
You need to buy everything from App Store, I personally feel this feature sucks in Iphone too. It pricey in long run and more over if you are a iPhone App developer your product to be approved by Apple and it supports only limited features not like windows
Tied to Network
The 3G version of Ipad is tied with AT&T other option is T-Mobile its a bitter news for US customers not for Indian
Conclusion
All this features made us to think why should we need to invest $ 499 to $899 for this device with no or less basic features, we can get a good Windows XP or 7 netbooks for $400 or less, where you can do multi tasking ,hear music, browse and important thing it has USB port So this Apple product has
started giving us Wow to Ohhhhhhhh feeling hmmm lets wait for more