Indeed. Basic things such as communication, viewing media, casual gaming, web, note taking, word processing, and spreadsheets. Essentially everything that 90% of the computer market does. The other people are tied to legacy ports and software (who will be indulged by niche players forever. You can still buy ISA cards, after all), use their computer professionally (and thus aren't or at least shouldn't be in the market for a netbook-priced computer), and a very small amount are enthusiasts.When it comes down to it, the iPad can replace your computer for basic things.
There's a reason why Lenovo can only make $55 Million on $5.1 Billion in sales.