Do feel free to not buy it, then.
"No multi-tasking so you're stuck doing one thing at a time."
Seriously, how often is this going to be a real issue on a mobile device? As with the iPhone I'd expect that you can listen to music in the background while reading a book and still have calendar alarms and alerts for incoming e-mails, which is probably about as much multi-tasking as you are likely to need.
"No camera so you can't use it as a Skype device"
No, you can't use it as a Skype *Video* device. You do know Skype was a voice-only service when it started and it still works as one. Personally, I can count the number of video calls I've made on Captain Hook's bad hand.
"No memory card slot so you're stuck at the size you buy."
Yes, bit of a bummer that and oddly enough happens to be a trait that it shares with scores of other mobile devices including a lot of netbooks.
"Although it has a promised 10 hour battery life you can't replace the battery ... unless you send it back to Apple for an expensive swap."
Par for the course for Apple. That said, I have a six year old Sony laptop that I've never taken the battery out of and two spare batteries for an old Nokia that are pretty much unused, so I don't know how big a problem this would be, I doubt you would use this for any critical activities; it's more likely to be an inconvenience.
"The iPad is touted as giving you the best web experience ... yet it cannot play Flash, something that millions of pages use as standard."
And millions of people berate as hateful. Seriously, Adobe can't even be bothered to write a 64-bit version for Windows or even fix the bugs in the 32-bit version, it really is time to start phasing it out. And if you have a look at other news stories it looks like YouTube have started already.
"You have to pay an extra $130 to get a 3G slot ... and then goodness knows how much for a SIM and data contract."
If you read the story it's in there. And it's without contract.
"I would rather stick with my fully functional, flash capable, expandable, 120gb, camera equipped £180 netbook"
Hold on, you were working in dollars a minute ago...
But, you know, good on you. You stick with your kit and keep telling yourself that. And don't let anyone tell you that their Toyota Yaris is a better vehicle than your Trabant, they do the same things and you have the advantage of being able to make your own paper-mache body panels instead of the Toyota's expensive made-in-a-factory ones.
"It won't fail as there are too many Apple sycophants that will see the iPad as a life changing gadget that they can't live without and they'll buy it without thinking"
Fortunately there will be a huge number of Apple partisans who will not buy it without thinking to help offset them a bit.
Damn, I promised myself I wouldn't do this.
Can we have an Unfail icon?