That's right in line with my original observations. If it's purely for entertainment, you can probably replace a laptop with an iPad. If it's for work, not likely.
My brother is one of the evil rich, selling software for a mobile tech company. He uses his iPad all the time for business presentations. It can’t replace a laptop if you really need a laptop. There are a lot of people that have laptops than don’t really need them however. i think most of the sailors that worked for me didn’t really need a laptop. They may need one now because so many Navy sites require CAC cards, but if you are just surfing the net and managing your media it is a nice piece of gear.