Go back about five years in the archives of most tech publications and you can find similar stories about "The coming onslaught of iPod competitors." Look how that worked out.
For some reason, the tech community believes that the commoditize-and-cannabalize cycle that typified the 1980s and 1990s is a perpetual law. It isn't, and Apple's success this decade is a resounding rejoinder to that view. Apple's products aren't, in all respects, better than the competitors; what they are is more polished, more refined, and an order of magnitude easier to pick up on and figure out on your own.
The typical screeds about how Apple's success is due to marketing prowess, reality distortion fields, media sycophancy, etc. are all a bunch of red herrings. Apple makes great products, and it's a real shame that more companies haven't picked up on how they do it and why. It's not rocket science to diligently refine your products while at the same time planning their long-term placement growth; it's just more involved than most companies want to be.
So sure, I'm sure there will be an onslaught of cheaper, different tablets that mindless consumers (Who, I might add, the tech community still believes to be largely ignorant about technology. You know, in 2010.) will buy up and the iPad will be dead. It's impossible that, say, every single one of the competitor tablets will be inferior in one or more significant ways that fails to make an appreciable dent in the iPad's adoption rate. Equally impossible that Apple would refine the iPad beyond its current iteration to entice new customers. I mean, really.
I'm not giving Apple the keys to the kingdom carte blanche, as heaven knows they've made their share of mistakes, but on the whole, I think they've been too successful, too visionary, and too aggressive to continue this endless narrative about how, just when they're about to succeed, the commodity tech market comes up aces and wins the hand.