I love my iPad Pro 12.9-inch, mostly love the Smart Keyboard (I still wish there were dedicated Fn/shortcut buttons similar to my Logitech K811) and while I love my Apple Pencil, I hardly ever use it. I don't draw very much as part of my day to day work, and I stopped taking paper notes or trying to type them up during meetings because it's simply not feasible to do so and stay involved in the meeting. I should really use Dictation software for this, instead I use a Zoom H1, store the resulting MP3 file in the cloud and type up notes from the audio when necessary.
I agree with MacDuke and many others that Apple needs to make iOS for the iPad much more distinctive in terms of how it works with actual files and how apps communicate with each other. I have tried multiple times to substitute my iPad Pro for my rMBP and once my tasks become the least bit complex and the jumping through the hoops begins, I realize I am not working smarter. and in the bag the iPad Pro goes. For 80% of my tasks a MacBook would actually be enough, the other 20% requires something with a Core i7 and multiple displays, I would be ecstatic if the iPad Pro could handle the 80% at this point in time. I admire those who have been dedicated enough to the iPad to create custom workflows and workarounds, but for most of us trying to get work done day in and day out, the iPad ends up becoming more frustration than liberation. If Apple can solve this particular conundrum they might actually reverse the slide in sales. If not, I expect that slide to continue as a long-term trend. In the immediate future, the 5th-Gen iPad is going to sell like gangbusters.
The 5th-generation iPad is a great start - powerful, capable and still thin and light. But I get the sense that Apple resents the fact that they even had to produce this product. I came to that conclusion after visiting Apple's web page for the 5th-Gen iPad and comparing how sparse it is versus the iPad Pro's detail pages expounding all it's virtues and the tasks it can handle, as though the 5th-gen iPad isn't just as capable (see the iPad Pro's "Experience" web page)! Huh? It feels like someone threw together the 5th-Gen iPad's product page at the last minute to appease end-users who might actually be interested in purchasing one. Also, the sheer lack of Apple cases (or any cases) for the 5th-gen iPad on the Apple Store website seems downright petty...a Smart Cover, that's it? No Silicone Case, no leather Smart Case? Where are the third-party cases? Right now, there are none listed if you filter by iPad compatibility. Really, Apple?!? The iPad has been on sale for over six weeks! The 9.7" iPad Pro had case options galore on day one.
I know Apple is trying to push people to buy the 9.7" iPad Pro, but the cost differential is just ridiculous...I can get two 32GB 5th-Gen iPads for not much more than the cost of a single 32GB iPad Pro ($658 vs $599). Yes, Apple is a premium brand, but it almost always seems to see the most positive responses from consumers when it creates products that have a really good value proposition. The iPhone SE, the Late 2012 Mac mini, the Mid 2102 through Mid 2015 MacBook Airs and the 5th-Gen iPad all spring to mind. Inevitably, the products that Apple receives the most backlash from such as the Late 2014 Mac mini, the Late 2016 MacBook Pros, the Early 2015 MacBook, the Late 2013 Mac Pro and the 32GB 12.9" iPad Pro all arrived with much fanfare and premium pricing (or increased pricing from their predecessors) for what you actually got out of the box - I'm looking at you, Late 2014 Mac mini!
My overly long point is that Apple has a horrible track record of making those customers who purchase it's more value-oriented offerings feel as though they are second-class citizens in their ecosystem. If Apple wants to see the iPad grow and thrive as an alternative to the Mac as Tim Cook has expounded, they need to listen to end-users and how they are using the iPad, where the frustrations and points of friction are and then iOS has to rise to the occasion. Otherwise, iPad sales will continue to suffer, because most people are not willing to pay $599 for a tablet they perceive as a glorified content consumption device...I can get most of that functionality with an Amazon Fire HD 8 for $119.99, less if I wait until Black Friday.