Comment Re:CmdrTaco drags big brass ones along the ground (Score 1) 750
The iPad will happily associate with your existing iTunes account and use all the same content.
As for the speaker, it's a stereo speaker, but both sides are in the same place (so you don't lose any sound to mono conversion, but you're not getting the "stereo" experience either). Of course you can always plug in external stereo speakers or headphones as usual.