I think it may replace the iPad for many people, depending on need (obviously). It seems more and more people are using the iPhone as their primary mode of internet consumption. With iPad sales down from what they have been in the past, it will be interesting to see how the larger phone demand does in comparison to the new iPad(s). I was considering getting an iPad, depending on what the announcement presents. I don't need a 12.9" Pro model. And for the price of such a product, I could conceivably get the larger phone model (depending on features and pricing) in lieu with easier portability. As usual, the next several months on MacRumors will be exciting.