It might not stream media from your home network, but it may be a server - allowing you to stream media from the pad to your (Samsung) TV.
It's also possible it will do both, of course.
Mind you, one of the myriad of servers I have set up on my home network will happily stream stuff out to pretty much anything with a web browser including my N97, my wife's iPhone, PSP, laptop, etc., etc. It picks up the device type from the browser string and re-codes stuff on the fly for the device as necessary.
I'm sure an iPad wouldn't have any trouble either, but it's not exactly "out of the box" functionality like it might be on this.