Like the size and form factor (the bezel could be shaved down a bit), and can see this or something like it eventually replacing my netbook and allowing me to skip a dedicated e-reader entirely. On the other hand, in the real world outside Steve Jobs’ head, a modern computer should be able to handle multitasking, so I’m not entirely sure what’s the problem there. I suspect I’ll hold out from getting the first generation version, especially as I so recently purchased an iPod Touch, and wait to see what the early adopter complaints and their fixes are before considering this for a purchase.
In the meantime, my little netbook has the same screen size, a faster processor and more memory, multitasks, features a real keyboard which doesn’t cost extra, and overall cost less than the low-end iPad by about $200. I can wait.