The iPad is simply a piece of consumer electronics, it is not what we would consider a true PC. As such, it doesn't matter if it's not open, can't run random application "x" or whatever, in the same way as I don't mind that my Logitech Squeezebox isn't a SatNav or my microwave oven can't show TV pictures (even though it looks like it could). I would never buy an iPad at the current price, but I might buy one if it ever got down to ~$200, just to leave lying around the lounge for some casual browsing or game play, even though I would prefer to be able to install whatever applications I wanted. I would *never* buy one to replace my laptop or desktop - these are where I code and hack about and edit photos by the thousand - something that the iPad is never going to be good for. Netbooks are cute 'n' all, and are generally an improvement over the ipad in someways, given a real keyboard and software open-ness, but they still wouldn't fulfill my needs for many of the things I do. If I really had to choose out of the two, a netbook would win for various reasons, but if I had enough cash to burn there would be a place for all of these different devices. Horses for courses.