It still amazes me that Apple is releasing a gimped product. A product that could easily today have a camera, and usb ports, and multitasking, but doesn't because if they add those features 2 years later, they can make more money. It's pretty sad. A product that easily could have been the device for techies and casuals, but nope. We just get a large iPod with some new apps.
1. Camera for taking photos would have been ridiculous - can you imagine the crowds gathering laughing at a dork who takes photos with a camera ten inch in size?
2. USB ports: Yeah, great. I'll carry my external hard drive with me, that makes it soooo easy to carry the iPad around. The problem is not putting USB ports into the iPad, the problem is how do you use the iPad when there are all kinds of cables hanging off it with all kinds of devices attached? For connecting to other devices, use WiFi. For transmitting/receiving data, use mail.
3. Multitasking: Well, I guess you are better at designing user interfaces than Apple is, so obviously you know better.
The point is that if Apple had wanted to create a netbook, they would have created a netbook. They didn't because they wanted to create something different. If you want to buy a netbook, go ahead and buy one. There are plenty of companies selling them. Apple isn't one of them.