Fair enough, but you have to look at value for money, customer support and software infrastructure. Looking at hardware spec's and cost comparison is only the start, and I think not everyone looks outside that box.
The Xoom won't have...
- The excellent customer support and store base Apple has so you can just walk in and ask questions with no hassle
- The app store has much more apps (even if Steve's figures were a little distorted) and the iTunes integration provides excellent stable backups and software upgrades.
- 4G in most countries is still well away from full deployment, so I'm sure the Xoom will be replaced by the time it arrives
- Better camera? Can't wait to see photographers drop their SLRs in favour of the Xoom and nightclubbers taking photos with their Xoom

- If the Xoom gets more than 10 hours usage in one go with flash support, I'll eat my iPad for breakfast

No doubt the Xoom will be a good alternative. The term good being the only word to use at best. I do still wonder if Android is still as buggy and crashy compared to when I experienced it in it's early days.
Very weak arguments.
As for 4G, it's certainly readily available in MY area, and even if it takes a year to get to other countries, the Xoom you buy today will still then have it but the iPad 2 will not. You don't have to buy a NEW Xoom next year to get 4G but you will have to buy a new iPad.
As for the camera, I don't see any use for myself, but for those who want to use it, better quality is better.
As for customer support, I can't imagine needing it ever for a tablet.
As for Flash, it may eat battery life, but it's not like you use it continously, just at key times when needed. And at least there's the OPTION to use it for those who don't mind the battery trade off, an option which iPads don't have.
The app store far exceeds the Android equivalent, yes. No comparison. To me it's the single greatest selling point for the iPad and iPhone. Not that it matters, but that's third parties, not Apple making it good.
And let's not forget USB and microSD. Not small things.
But like I said, what's better is opinion. But just don't say it's cheaper, because it's not, and that was my main point.
Tony