With NetBooks you can Consume and create media. The create part of it is less of course than a real laptop, but you can create nonetheless. With the iPad you can only consume. There is no filesystem, you cannot browse your files.
It's a nice device, don't get me wrong, but it's flawed.
There's iWork - how is that not creating media?
There apps to alter your photos. How is that not creating media?
I never do heavy content creation on a netbook anyway. Most people I know don't either. Being able to whip up a quick Keynote presentation or update a simple spreadsheet is all I'd ever need on a 1.5 lb device with 10 hours of battery life.
What the iPad is designed to do, it does better than every netbook on the market. Content creation is periphery for the device (as it is for most netbooks). But if you're contention is that it is a little easier to do content creation on a netbook than it is on an iPad, then fine you are probably right. But understand, content creation isn't what the iPad is TRYING to be good at - and netbooks are still bad at it.
Steve's point was simple. Netbooks weren't targeted at a particular set of tasks, they were targeted at a particular demographic; people who wanted cheap laptops. Period. They weren't trying to be good at something, they were trying to be cheap.
The iPad isn't as flawed as your conception of what it is trying to be is. If you need a laptop, then buy one. If you need a cheap laptop (e.g. netbook) then buy a non-Apple netbook. If you need a content consumption device - consider the iPad - it has a lot going for it. And oh, by the way, you can even do some simple content creation on it - isn't that nice?
It's not the size that matters. It's what you do with it.
Thanks for the smile. But as well all know, all that matters is the specs. Actual performance simple does not matter - MB, GB, and MHz, that's what matters to the true geek. I'm not interested in how easy it is to use - I want the geek badge that says my device is theoretically faster than yours.