I'm sick of you guys. Think you are better by "holding out"? Well, you'll only miss out on the most "magical" device then. As the second poster said, the iPhone OS is much more mature than version iPhone OS 1.0. App store is well established. Technology is already explored with iPhone and iPod Touch. The risk of Version 1 faults was greater with iPhone 2G then with iPad 1.0 IMHO.
So while you are waiting for something that may not happen (camera..etc), I will be enjoying my iPad. Besides who needs a camera anyways? The iPhone camera is crappy, that is why I have a real digital camera. Multitasking is rumored for iPhone 4.0, and I'm sure will be translated over into iPad as well.
Enjoy that high horse you are on! Yes there will always be better and improved versions down the road, but not worth the wait....otherwise one will always wait for a better tomorrow while forgetting to enjoy the present. iPad is here, after 10+ years after Newton. Enjoy it goddamn it!
As you can see from my signature i have a laptop, a very portable one that does 80% of what the ipad does way better than the ipad does it (web, iwork on ipad plssssss) and it can run flash. I said i am waiting on the second gen because i really cannot see myself using that thing when i have a MBP. I know that you can never race with he technology but for me waiting is translated in better value for my money. And damn sure i want flash and more than 16 GIGs for my 500 dollars...