That's why I think the target audience for the Ultra is quite a bit different than ipad users. I felt the S-pen in the store and didn't like it as much as the Pencil 2. Much prefer the longer length and more width on the Pencil 2. I also wouldn't get the Ultra without the keyboard, so then it makes it a $2000CDN device. And that's outrageous, it's what I spent on my gaming laptop.I agree, it's an horizontal device. That's why I keep both. It's like, want a mini tablet or a large tablet, each has its advantages. So you can make your choice, or choose to have both. I don't use iPads in portrait for browsing. Only for viewing documents or reading.
S-pen placement is actually a better compromise than iPad pro. The pencil has to charge above the tablet, which prevents the proper placement of the camera. And the S-pen does not need charging except for some special functions, so I keep it like the pencil above the tablet most of the time.
I agree that multitasking is better on a desktop setup, but again Samsung is much better than iPad on this, because of size (14.6in) and full external monitor support with DeX on the monitor and OneUI on the tablet (lacking in iPadOS).
After using Surface Pros for the past 8 or 9 years, I got tired of all the attaching and detaching of the keyboard. That's why now i prefer seperate devices - laptop used as a laptop, tablet used as a tablet.