Yea it is just a bigger iPod Touch. Is there something wrong with that? When I had my iPod Touch I always wished I could do more with it. Now I can. I can now take notes in class with it via a sylus pen and a writing app and sketch out ideas/thumbnail on it via a drawing app and a stylus. The reason I got the iPod Touch in the first place was because, I wanted to be able to browse the web more conveniently and have access to all those fun apps like iPhone users, but I already had a phone and didn't want to pay for a service plan just to use all the features of the iPhone. And it's not supposed to take the place of a macbook or iphone, its supposed to be something in between. That's why I think the iPad will replace the iPod Touch. Its basically the iPod Touch done right.

That comfortably fits in your pocket :)