I think the hardware things it lacks is USB, HDMI output, and camera. There are definitely limitations to the iPad but it is a pretty slick piece of work. My wife is buying one and accepts those limitations and will be using it for entertainment purposes as the gadget that it is. We are both a little ticked at having to buy the proprietary $30 SD card adaptor whereas if the iPad had a USB port we could use others that are (a) not $30 and (b) would accept CF cards as well as SD since my dSLR uses CF cards.

It's great you can get Netflix on it and can watch videos but wouldn't it be nice to output it to a big screen via HDMI? Don't say no because you'd be lying.

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