To IPAD or not?

Since the Apple IPAD was announced; I have been excited about the possibilities. I have been looking for a media consumption device for a year or so; to focus mainly on replacing my paper notebook and provide access to tools that can help me be more productive. Well, I believe this is the device; but do I drop the $$ on the first generation or wait a few months for the bugs to be worked out and possible price reduction?

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