http://www.joystiq.com/2010/01/27/apple-ipad/

It's finally over ... and it's just beginning! Apple has introduced the iPad to the world, ending a long-drawn-out development phase fraught with rumor and speculation. Today -- like, just now -- the iPad made its stage debut at Apple's "Latest Creation" event in San Francisco.
Quite the production, er, introduction, eh? Here's what we know, courtesy of Steve Jobs:
* "It's very thin -- you can change the homescreen to whatever you want"
* "You can browse the web with it"
* "Phenomenal for mail"
* "Album, photos ... you can look at all of them, flick through them, it's a wonderful way to share. Calendar ... months ..."
* "We have the iTunes store built right in. YouTube and YouTube in HD"
* "And it's awesome to watch movies and TV"
* "Even bigger than the DSi XL" (okay, so Steve didn't say that -- we did!)
Cool, but does it play games? Stay tuned -- Apple invited us video game outlets to this event for a reason.
Update: Some basic specs: 0.5-inches thin; 1.5 pounds; 9.7-inch IPS display; multi-touch; powered by 1GHz Apple A4 chip; available in 16GB, 32GB and 64GB models; Bluetooth 2.1 plus EDR and 802.11n WiFi; speakers, mic and 30-pin connector; and up to 10-hour battery life.