I just have to keep telling myself this was a good decision. As I sold my NetBooks already to fund the iPads... In Reality it's just a big iPod Touch (we have 2 of these as well), but more usable as the screen is that much larger. I figure as a 16GB Touch used to cost 299$ (I noticed they don't make one anymore, it jumped to a 32GB Touch now) 499$ is not that much more.
Thank goodness they limit you at 2 at Apple. I prob would have just to list it in eBay to turn a quick 100-200$ profit. Sold for 949$ At least it had free shipping Apple iPad Wi-Fi (16GB), Free International Shipping - eBay (item 120580455788 end time Jun-08-10 02:26:06 PDT)
Once you use it and realize it is nothing like "just a big touch" you will be even happier and never let it leave your side!
I know. I have to stop thinking Apple just stuck the iPod Touch guts in a bigger case with a bigger battery.