Which part of Steve's presentation did you miss?
Also, I think a lot of people are trying to tell you that you yourself haven't tried a Xoom, so how can you call it "impressive as hell"?
I'm sure the Xoom is a compelling device, but until it manifests itself in user hands, and shows itself to be somewhat of a marketing phenomenon (unlike Windows based tablets), I'm not sure you have a point here.
The videos of it so far should be representative of the features of the OS pretty well. I don't know what more you really want. The OS so far looks very intriguing and looks like it has implemented proper multitasking much better than the iPad did. Whereas Apple just took iOS and supersized it, it looks like Google actually did a complete tablet overhaul for Android and it's looking really slick. I'm probably never going to get a chance to try it in a store here in Canada but if you don't see how I'm already making an opinion about Honeycomb, maybe you haven't seen many videos of it so far.
Let's dissect this little slideshow image, shall we?
Browsing - no Flash, horrible HTML5 performance, Javascript is unstable as hell, sites that rely on mouse hover can go to hell on the iPad.
Email - been crashing on me when I get a ton of new email but maybe I just need a restore.
Photos - the only thing it does properly. It's excellent for Photos and on-the-go slideshows. Bonus points for being able to drag and drop without iTunes.
Video - format limitations mean I have to keep converting all the videos I want to watch on the iPad. It's generally rubbish for videos if you have another source than iTunes.
Music - can't take music off of it, have to deal with iTunes (which is hell on software earth), many other dumb limitations. Surprisingly the format support isn't that bad, but there's no custom equalizer and you can't download music to your iPod library from the iPad (unless you are fine with buying from iTunes.)
Games - 256MB of RAM means games are generally pretty gimped on this thing. There have been a few hits but certainly nothing that's going to steal me away from a dedicated handheld like the PSP or so on (especially the lack of hardware controls).
eBooks - used to be good until Apple decided to change the rules again and screw over Amazon by making it have to shell out 30% of its profits to Apple via in-app purchases.
You can probably see how the experience has been going downhill. I rely heavily on video content and interactive sites. No Flash really kills it. I rely on being able to customize. This whole 'Apple way or highway' approach really kills it.
It's entirely subjective, of course.