Smaller screen. no mention of resolution. I don't see any ports, so it doesn't beat any of the iPad haters issues. No mention of battery life. Certainly lacks in the software marketspace. Probably not compatible with iTunes (I'm not gonna switch and break syncing ease between my multiple PCs and Multiple Apple portables). Other specs? WiFi-N? doubt it, certainly not 5GHz, but Bluetooth probably yes. Storage type and speed? unlimited 3G contract free for $30? Video out to TV at least 720p? Charges from USB? PRICE?
I don't know if that's a webcam or not in the shot, but it's in a horrible place and as Apple found out no one liked a webcam on the device, it was near impossible to hold and point at your face... If they did put in a webcam, they needlessly added $40-50 to the price doing so, it will go unused by 95% of people, and a more flexible and useful bluetooth camera could have done the job for the same dough...
If it really DOES compete with the iPad, Apple can simply lower the price (they already OPENLY admitted the price point was flexible). Personally, I can't wait for a REAL competitor to actually hit the streets, so apple does lower the price, and I might buy one. i wish the other tablets well in the hopes they can honestly compete, and worry apple enough to push ahead a Gen 2 device, or lower the price on this one, or both...