Get the iPad and read some books instead.
E-Ink readers are dirt cheap. Way more comfortable to read, insane battery life, nicer to hold, and you can actually read outdoors under the sun.
No way. I had an e-ink reader before my iPad and it was crap. Retina is far clearer. I don't have to constantly keep plugging it to a computer to recharge it. Plus on my iPad I can browse the web and read tech docs as well as e-books. I highly discourage getting this. It is absolutely useless.
Had two gaming consoles and many games, sold all lucky enough enough to get most of my money back. Bought one tablet and I still have that tablet. Get an iPad mini and you won't regret it.