The iPad is a product from Apple designed as a thin digital tablet. It can play music, surf the web, display digital text. Users will be able to purchase ebooks for use on the iPad, similar to Amazon's Kindle.
The iPad is meant to serve the function of a notebook computer without a keypad. Users can read books, watch movies, subscribe to magazines and listen to music.
iPad users can either go with WiFi only or can subscribe to AT&T data plans to allow more widespread usage.
The iPad will cost between $499 and $699 for Wifi only models. For 3G cellular models they will cost between $629 and $829, but presumably there will be a major discount for a contract.
Resources on the iPad: