That's kind of my take on it. It has a much nicer screen than the iPad 2, but other than that is essentially the same. It still lacks things like an SD port, HDMI out, etc....
Well if they put an SD port and an HDMI, why stop there? Why not a Blu Ray DVD drive too? Thats because this isn't a laptop and its not intended to be. Why would Apple users pay $1500 for a MBP if you could get an iPad with pretty much everything for $500? Apple is not that stupid. People who need SD ports, HDMI out and all that other stuff should be looking at laptops and netbooks not tablets.