Well, are first generation Apple products as good as the second? I waited on the iPhone till the 3GS, and I’m quite happy because OS v4 is compatible. 
But as far as the iPad, here’s quite an interesting blog entry from my friend Aaron on why he returned his iPad after purchasing one:
http://www.aaronniequist.com/blog/life/why-i-returned-the-ipad/
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