When I bought my first iPhone, my then 5 year old inherited my 64 gb 4th gen Touch. Knowing I couldn't be without my iPad for a day, let alone a couple of weeks, I gave my now 6 year old the choice of keeping the iPod, or taking the 16gb iPad and giving me the iPod back to sell. I figured they would get the same resale value anyway, so it didn't matter to me. Well, of course he chose the iPad, so he's happily playing on "his" iPad now, and I need to get to restoring the iPod - which, sure enough, is getting about the same price as a 16gb iPad 2 right now.
My iPad had really been a family iPad - I mainly used it at work, I barely used it at home with the hubby and kiddo using it. Now hubby's considering getting the 32 wifi only for himself. If he gets his own iPad after all the you-know-what he talked when I bought the 2 in August and woke up at 4:30 yesterday morning to get this one...well, let's just say he won't hear the end if it for a while!