It's expensive, yeah.
Do I have one? Yeah. Just because I purchased one doesn't mean that the iPad isn't expensive. One can buy something where the product is still considered expensive.
To be honest, its not doing anything that I can't do on my iMac or iPhone. I'm thinking that once the competition markets a good, competitively priced tablet, it may drive Apple's pricing down...one would hope, at least.
From what I have seen Apple don't want to compete for the REAL Mass Market.
They enjoy being at the upper end and promoting their brand as the Quality brand you can own if you can afford the best.
Take the Mac Mini. Supposed to be the cheap Mac for the masses, they've actually put the price up on that.
I can see them holding the price where it is (or even raise it a bit actually) but putting in more hardware to keep the iPad as the best tablet you can buy.