The new Apple product - big fail?

Recently Apple Inc. announced their new product - the tablet computer iPad that scheduled to be released in two months. The price of the device will be from $500 and higher.
The dimensions of the device are 9.56 inches (24.3 cm) x 7.47 inches (19.0 cm) x 0.5 inches (1.3 cm), weight 1.5 pounds (680 g) and 1.6 pounds (730 g), processor 1 GHz Apple A4 SoC, operating system iPhone OS 3.2. 2 editions are expected: WiFi model and 3G model.
Unexpectedly, the new Apple product was not favorably received by the public. There a lot of reviews where critics write about lack of options in iPad - you can buy a netbook for the same price or cheaper and get more functional device.