Exactly, an iPad is NOT as capable as a MacBook Air yet their is NOT a big price difference between the two now, hence them being compared in this thread.
Depends on what you call capable. That was my point. An Air is not capable to be (reasonably) used while standing, or handheld. The iPad is smaller and lighter than an Air, so it is more capable in terms of portability.
In essence, I'm saying that to compare the value of an iPad to an MBA is as unreasonable as comparing the value of an MBA to a Mac Mini, for example.
People are not assigning enough importance to how the device is used; only to price and computing horsepower.
Whether someone feels that the iPad is too expensive for what it is is another thing entirely.