The amount of RAM is not important. If you can prove it is important, then please tell all. But I suspect you can not.
I'm all for people who don't know anything about computers to buy and use them, but do you really have to participate in technical discussions about them?
For the rest of us: if iPad has only 256 megs of ram it couldn't possibly work as advertised (and shown so far). Therefore, it simply must have at least 512. I doubt it has more though, because Jobs would almost certainly bring it up as a bragging point. So, safe bet is 512.
Now, once you have that bare minimum of specs there, I don't think that just adding more serves much purpose. Engineers among us know that you have to pick 2 out of these 3: number of features, quality of build, and speed of delivery to market. Apple has done very well in the last two of those, while the competition has done well in only one (the number of features). That my friends is why Apple is winning this game right now.