iPad (should be "iTab")

Apple Reveals the iPad Tablet

The half-inch thick, 1.5 pound device will feature a 9.7-inch multi-touch screen and is powered by a customized Apple microchip, which it has dubbed A4. The iPad will have the same operating system as the iPhone and access to its 140,000 applications.

The price of the device will start at $499 for the most basic model, with a Wi-Fi wireless connection. More expensive models will be offered with more memory and with 3G wireless access from ATT, which will charge up to $30 for an unlimited monthly data plan.

Wi-Fi-only versions of the device will be available in March, Apple said, with the more expensive 3G models coming 30 days after that.

The most expensive models, with 64-gigabytes of memory and 3G connectivity will cost $829.

However, the device lacks a camera, the ability to make phone calls and does not work with the ubiquitous Flash software that runs many Web sites. Apple is selling accessories such as a stand and a keyboard.

Mr. Jobs positioned the iPad as a device that sits between the laptop and the smart phone – and which does certain things better than both of them, like browsing the Web, reading e-books and playing video.

The iPad “is so much more intimate than a laptop and its so much more capable than a smartphone with its gorgeous screen,” Mr. Jobs crowed. “It’s phenomenal to hold the Internet in your hands.”

(I think most people already hold the internet in their hands everyday, but what do I know. Also, how it is "much more capable than a smartphone" when it is not even capable of a smartphone's most basic function?)