First of all there can't be a competition between those two. One is a media consumption device and the other is a computer with autonomy and a full computing OS.
I sense a lack of objectivity from some responses. A touch of jealousy? Partisanry?
Hey, if I'm at a stoplight in a Prius I'll readily admit that the Corvette that just blew by is a better machine for what it does. The Prius will get better mileage in better comfort and it is better for what it does though.
This is a similar situation. I have no shame about saying that this newer tablet is awesome, then I don't know yet about it's drawbacks since they only showed those of the iPad...