It's got a smaller screen than the iPad. Build quality isn't going to be anywhere near the iPads. At this point, while Apple's offering may seem high priced, I don't think anyone else can build an equivalent product for the same price. No one has been able to match the iPhone quality/feature to price ratio yet either.

At the end of the day it's gong to be joined by a number of similar devices, all running an OS that is not suited whatsoever for tablet use. These products, just like Android phones are going to continue to carry a premium price for a generic beige-box product. It's like paying BMW prices for a random GM vehicle - sometimes sporting a BMW-like body kit. Most of these products are no better than cheap/typical no-name Chinese knock-offs in execution AND in branding/marketing.

I think Apple have even less reason to be worried about competition in the tablet space at this point than they did about phones two years ago. They'll continue to bring home the lion's share of the profits.

These guys have to stop trying to copy individual Apple products and instead start copying Apple and its business/development strategies. Everyone has their heads so far up their asses they can't see the simple writing that's been on the wall for 10 years, having started with the iPod. That means creating a true premium product, differentiate it from everything else out there, limit your sku diversification and concentrate on building the brand one iteration at a time.

What happens when a real tablet OS from Google ships? Will it be Android 3 or Chrome OS or both?