Some of the cool things about it are; the size makes it pretty portable. The screen has a beautiful picture. The book reader looks like a very good feature. I would like to check out some magazines. I am sure there are tons of apps available with more coming. Hopefully that will drive the price of those down a bit. I hear the battery life is about 10 hours so that is good. It is also very easy to figure out. If you have used an iphone or itouch it is like using one of those with a giant screen.
I would love to have one but can't justify the price at this point since it is between what my phone does and my laptop. At this point I would rather upgrade my laptop. Apple is selling tons of the ipads, I'm just not ready for one yet.