I got a steal on the Lenovo netbook so I'm not comparing it so much on price.
I've filled my 8gig iPod Touch many times over. 16 gig is still too small for anyone with a considerable media library. For the iPad to work for me, I want or should say need the 64gig model. I don't see the iPad being very good for streaming media until Apple introduces a Front Row type app.
For those getting excited over the iWork demo-- gimme a break. That was tech demo that they displayed at the keynote. No information was given on how to input images. Which brings me to another issue-- no SD card slot. This would be been easy to implement and made inputing images straight from a camera much easier. Instead we need another dongle.
Think about it-- The iPad is still somewhat half-baked. I can see it's potential but not until a second or third revision.