The specs look pretty decent. 5 hour battery kinda sucks, but like i said, i would rather have to charge it every 5 hours, which I wouldn't stay on it that long, than have to sync with a computer any time i need to put a new document on it. Plus, it's way cheaper for more functionality. I think this is a real competitor. It's the same weight by the way for everyone who was so sure it would be heavier.
http://gizmodo.com/5510143/hp-slate-specs-leaked-compared-to-ipad-in-hp-internal-presentation
http://gizmodo.com/5510143/hp-slate-specs-leaked-compared-to-ipad-in-hp-internal-presentation