I've had people defending it and saying that it's perfect for college students that don't have to lug around a ton of books anymore.
Dude, all through college we've done nothing but documentation, Documentation, *DOCUMENTATION*. How the heck are you supposed to do your reports on an ipad?! When viewing the screen at the optimal angle, your can't type, when typing, you have to lay it flat with you craning your head over it.
If you're gonna say something like "That's what your desktop is for". Dude, i've been a student, $500.00 is nothing to sneeze at! For that $500.00 i can get a touchscreen netbook/tablet that has the same portability, keyboardless interface and all the ports i'll ever need.
(Oh... and it can run uTorrent)