It makes a great net surfing machine.
I've watched movies, listened to music, put an album full of my favorite photos, and yes, I've purchased a couple of e-books. Reading books is really a breeze and provides many moments of nice features for an avid reader.
Is reading in bed made more difficult because of low light? Do you spend a lot of time waiting in lobbies and wish you had a book with you to help pass the time? None of those problems occur when reading a book using the iPad.
The iPad is backlit which takes care of the low light situations. The iPad is small and compact and can easily be carried in a briefcase so that you have it with you at all times for all types of situations. I've read a book over the iPad while waiting to board a plane, while riding a plane, while waiting for my car to get its oil changed, and while waiting for my dinner to come at my favorite restaurant.
It is truly a miracle machine. All the great parts of a smartphone combined with some of the most used features of a laptop computer put into one lightweight, small power machine. Wow!