Apple iPad state of the union address

http://d.yimg.com/gg/u/bdd91009f2263be046e2d7224d6d7ae89444efcb.jpeg
Looks like the new Apple iPad is much more trendy and popular than Obama's state of the union address. I haven't checked the features of this iPad, but as the same comment from other people, it's a giant iPhone. The introductory price of the iPad is $500.

Do I need one? I'm much more interested on its features and not on the looks.
will check it and post a review here.