A device that costs twice as much, doesn't work half the time (did anyone watch the videos?) and has a bizarre collection of user interface metaphors to cover the jury-rigged hodge-podge of processors and operating systems.
When it is first undocked from the main body, you can see that it appears completely unresponsive to touch from the user. Oddly, after a few swipes with the finger go unregistered by the device, the video abruptly comes to an end. Later on, in the next video down the page, we can see that the device is sluggish and crude (it doesn't seem to support any of the obvious multi-touch gestures, using a drag control to resize images rather than pinch or stretch gestures) and the voice over claims that this is because it keeps dropping it's 3G connection (so that they can't show us the Really Cool[TM] demo that would have knocked our socks off, put the iPad to shame, and justified the $2000 price tag).
Sure, the iPad may not be the second coming, but, with competition like this, Apple has nothing to worry about.
What a joke.