I stopped in at my local Apple store earlier this evening so I could finally make my own hands on opinions about the iPad, and this is what I found...
The iPad is really cool! Hands down there is no other gadget out there like it (yet). It's a frankenstein device that was born from an orgy between and iPhone, a laptop, and a Kindle. While the iPad can definitely not replace my laptop, I personally would not even consider buying a Kindle knowing I could have an iPad for a few hundred dollars more. As an e-reader you have the choice of using the free Kindle app or the Apple book store, both are great options and the iPad's backlight allows you to read in the dark.
Browsing the web is a great experience on sites that do not require the flash plugin or have implemented support for HTML5. Sites that are not HTML5 compliant and heavy on ajax features and or flash frustrated me pretty quickly, and I was ready to grab my laptop. While Apple does not have the fastest track record at updates with the iPhone, all of the browser shortcomings on the iPad are fixable through software updates.
The screen on the iPad is beautiful, and viewing media on iPad is an experience like no other. I am not much of a portable gamer, but the few games that I checked out on the iPad were really cool. The kids checking out the iPad next to me really seemed to be enjoying them as well!
The biggest turn off I experienced on my introduction to the iPad was not with the device itself, but the staff at the Apple store. Not only could they not answer a few of my own questions, I watched the staff fumble with other consumers questions as well. I know the device just came out, but it appeared that the Apple staff had no training on the device at all.
The iPad is definitely the coolest content consumption device to date! I am not sure I can justify the $500 price tag, but more likely than not I will eventually find one sitting on my desk.