More than 75 million people already know how to use the iPad, Mr. Jobs says — these are the owners of iPhones and iPod Touches. And there are more than 125 million customer accounts with credit cards, all enabled for one-click shopping on iTunes, the App Store and the new iBook store. “We are at scale, and we are ready for the iPad,” Mr. Jobs says.

Mr. Jobs’ final assessment: “Our most advanced technology in a magical and revolutionary device at an unbelievable price.”

Priced from $499 to $829, the only wireless service will come from AT&T but, iPad owners will have free access to AT&T hotspots.

As for the mobile plan, $14.99 per month for 250GB, $29.99 a month for unlimited data. No contract time commitment you can cancel the mobile service at anytime.

What’s the downside?

• No camera or video recorder
• No external storage, better get an online backup plan, we bet AT&T will offer one!
• Can’t view flash animations
• No mobile phone functions, you still need to carry your phone unless you talk on VoIP
• Battery life is expected around 10 hours but, the battery can’t be removed so you have to recharge