Have you tried reading a book on it?
Have you tried reading a scanned legal or A4 sheet of paper on it?
Devices like the iPad promise a lot in reducing reliance on paper. At the moment it's just too low resolution to do this though.
Nonsense. I read on my iPad every day as do 10's of thousands of other people. the screen is great as it is. Sure, it would be great to have higher resolution so that you couldn't even make out a pixel, but it's obvious that Apple couldn't double the screen resolution so early in the life of of the iPad. That would cause all of the thousands of current apps to be pixel doubled and look like crap and the new display not to mention the current iPhone apps which obviously wouldn't even be usable