I don't recognise any of the problems Houns witters on about. The YouTube thing doesn't make sense, either the link works on here or it doesn't, and when I watch a video then tap 'Done' I immediately come back to this page. Every time. Getting YouTube links is no hassle, I just do what I'd do on my computer, copy the video link, tap 'video' on here, then paste into the box, having deleted the http//: bit first, as that's already been copied. Flash? Christ, how many shonky sites do you visit that require such a crappy, outmoded piece of software. Anything that requires third-party plug-ins in order for it to be viewed on the Internet deserves to be ignored.
I don't have Flash on my computer, I refuse to install it. If I absolutely need it, then I use Chrome, which runs Flash natively.
As for reading I agree that holding it out in front of you like a book is not comfortable for an length of time.
I fold out the keyboard with the screen standing up and rest it in my lap. It is basically the same position you would use a laptop.
The screen is no better or worse on your eyes than reading off a computer so it fails as a reader.
Who holds a book out in front of them to read? I don't, I don't know anyone who does. I read on my iPhone at the moment, and I can happily read books for hours on it. The screen is much, much better for reading on than any laptop, and the iPad is about the same, although the iP3 will be higher res than a 27" iMac.
To properly read a book you need the screen in portrait format, how are you going to do that with a laptop?
I sit holding a book on my lap in one hand. An iPad weighs about the same as a large hardcover but you don't need to hold the book open, and I turn pages with my thumb, to turn pages in a large book requires two hands.
I can easily read on an iPad/iPhone and drink a beer/coffee/tea with the other hand and turn pages at the same time.
A laptop weighs five or six pounds, is hot, you need to tap keys to turn pages, the resolution is not high enough and the screen format wrong for comfortable reading, plus you can't put the whole of the UK OS maps on a laptop and take it out with you, which I will be when I get my Pad.
Even editing text is a doddle on a touch screen, just tapping on a word magnifies it so you can move the cursor line easily, much less of a faff than with a trackpad, and the built in error-correction knocks spots off of what I have to put up with on my computer.
Frankly, anyone who reckons a laptop/net book is a better ebook reader is out of their tiny mind, the though of trying to read a book on a bloody net book while travelling on a coach or crowded train fills me with horror. I could happily sit for two or three hours reading on a Pad or my phone, and have done so.