For my birthday TD and my family surprised me with an iPad. I love it! It's awesome having something so small and convenient to connect to the world. I do agree that it's not really for 'creating' content as much as consuming - it's certainly worthwhile for email, Twitter, reading blogs, watching movies, sharing pictures, and on and on.
As I type this I am at a Starbucks in Houston waiting for an appointment at the Brazilian consulate - replying to email, reading papers and keeping up with the world. I love it!!