What must you do on a netbook that you can do gracefully on an iPad? Don't tell me flash related crap....
and iPad is superior to any netbook high or low end. End of story.
Well first off as you said there was
nothing you could do on a Netbook that you couldn't do on an iPad, so Flash games and videos etc
do count. But thats not what I'll talk about. How about USB support for transferring files via pen drive? Connect to a Projector or monitor that requires VGA? Or even HDMI, you cannot do these "gracefully" on an iPad as I don't consider having a sack of adaptors very "graceful".
Say I have some songs on a penstick that I want to play, can I plug it into the iPad? How about if I have a video shot on WMV or AVI? Or even .MKV? The iPad cannot even run these, I managed to snag VLC player for iPad before it was removed from the App store and even this is pretty picky about what it plays. What if I want to attach a picture in a forum post? This is supposed to be coming with iOS6 but it currently can't do it. What if I want to download a file from the web such as a video, it can't download it, even if I managed to it probably won't play it.
How about running 2 apps side by side? A web browser on 1 side with a chat program? Having to switch back and forth is a major PITA, also seeing as my app of choice IM+ Pro still has to "reconnect" for a few seconds after app switching back in. Also you simply cannot change app defaults on the iPad such as the Web Browser or Email client. If you receive an email with a web link, you are forced to open it in Safari, copy the link and paste it into your other browser. A similar story occurs if you click a link in a web browser etc for "email us" it always opens up in the default mail app.
I'm not saying the iPad is a bad appliance, I own one myself and enjoy using it, (suffering minor annoyances when running into roadblocks which force me to switch to my Computer). It's just that your claim that an iPad can not only do everything a netbook can do, and that it can do it more gracefully is false.