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Pros: 1. Really love the OS, webOS, which lets me view all the different things I am working on and Stacks webpages that I launch with the app that launched them (click a link in an email, stays together with your email, unless you want to move it). Just throw an app (card) off the screen when you are done. Everything is very integrated, can message in one thread from Gchat (multiple accounts, including Google Apps!) Skype, AIM, Yahoo, etc. Excellent email support.
2. Runs real flash! Means you can just view Amazn Instant, Hulu, YouTube movies, etc. No need to go find an app just to view a flash-based site.
3. Good quality apps seem to be arriving daily. Excellent FB app, good Twitter, google Reader apps, photo browsing apps (Pix), MLB, Multi-task within apps (Glimpse) lets you do up to three different things -twitter, reader, youtube, weather, notepad, calendar, etc.; podcatchers (Video Flood HD), and keep coming. Lots of games (Angry birds HD of course).
Cons: Not quite as fast as the iP*d 2, but you can overclock if you want. Still needs some apps, and the big missing thing is document editing, although that is arriving very soon. You can already edit Google docs online. It pulls docs in very well, all your accounts are in one spot, even multiple dropboxes can be fully accessed from within the docs app.
Other Thoughts: Really enjoy the device, I have kept up with my email much better since having it, makes an excellent quick response machine! I would really recommend checking this out before settling on the competition!READ FULL REVIEW