Looks good, but basically it is just a giant iPhone. Nothing wrong with that, but the hype around it made it seem like it was more than that. I hope they made it with ridges on the side for better grip. The iPhone design doesn't have that and is very slippery and easy to drop. If not, I can see these dropping a lot which would probably break one of these iPads the first time it is dropped. The onscreen keyboard is OK, but not practical for heavy typing.
Overall though I think this will sell very good. I definitely want one.