... and competition is good in any market.
The iPad with NO competition would be bad for the iPad anyway.
That's a really good point. Apple's products are most often visionary in nature, and push the envelope. But they are the product of a few people's imaginations, and no matter how good they are, there is always room for improvement.
That's one reason why I always try to wait for Rev 2 of any Apple product. (and Rev 3 of any Microsoft product)