My main problem with the iPad is the lack of multitasking.
Unlike many computer users, I do all of my "heavy lifting" computer work on my office PC. At home, 99% of what I do is web based. I rarely use another program on my computer besides the web browser. Both my work and personal email is web based and I use AIM express for my instant messaging.
A typical computer session for me at home is to log into AIM express, open my email, and maybe open another web page or two and browse the web while AIM is running in the background, and typically switch between windows to answer IMs and read new emails as they arrive. I also will sometimes be chatting in an internet chat room at the same time.
With this pattern of usage, the iPad would be useless. While you can indeed open multiple web pages on the iPad (or iPhone), the pages in the background do not stay "live". If you are using a web app and you switch to another page, when you return to the page running the web app, it resets itself.
The Joojoo on the other hand can multitask. While there is no mention of it in the specs on their website, I watched most of the demonstration videos he did back in December on YouTube, and in one of them he opened a youtube video, started playing it, and then opened a new web window and while he was loading the new page, you could hear the sound from the web video playing in the background. So obviously the Joojoo does multitask. And with flash working, you would be able to use flash web apps which opens the door to tons of games and other websites that would not work on the iPad.
I surely do prefer the iPad's physical design and smaller size, but the Joojoo certainly is not large. I think it looks large in the pictures, but the measurements make it the same width as a Macbook Air, more than an inch less than the Macbook Air in depth, and slightly thinner than the Macbook Air. I would say that is pretty portable.
I would definately consider getting one, but I will wait for this litigation to be settled, and will also wait for a 3G version as I think that would be a nice feature to have in such a portable device as well.
As for the litigation, as an owner of a music production company I have been involved in some IP lawsuits in the past, and after reading the complaint and the response, I would say that TechCrunch does not have a claim to the IP, but they can claim damages in lost time and investment, and that is probably how this will play out. TechCrunch makes the claim that the ownership of the IP is joint between both parties. Their problem with that argument is that the law states that a single owner of jointly owned IP can go to market with it on their own without the other owner's consent or involvement. So even if TechCrunch was to win that argument, all they would be winning is the right to make their own version of the Joojoo and sell it. That alone would not stop Fusion Garage from selling the Joojoo.