I picked one up on Saturday as well. Great device. I find myself using it to read books, browse the web, watch TV shows and movies (netflix), listen to music (Pandora and my own collection) and play games. It's a great form factor (very book like) and is easy on the eyes for extended periods. I doubt I'll get the 3G version as I probably won't carry it with me wherever I go (but who knows). It would be nice to be able to tether it to the iPhone some day. It's a great house hold internet appliance. But for now it is indeed a luxury item not a necessity like my iPhone. Browsing the web on the iPad is very fast -- it almost seems faster than my desktop machine. The real innovation will be the slew of iPad apps coming out soon. I had low expectations for this device but now I see the potential it has. It might be time to renew my apple developer license and crank out some Apps!