I bought an iPad2 recently, right after the preorders for the new IPad happened. I got mine for $360 open box at Best Buy. I had just discovered a very usable wealth of serious music apps that could be used for everything from recording, sequencing, sound design, synthesis, beat making...whatever. And for a fraction of the cost of some big programs or pieces of hardware. I play guitar and bass primarily, but I like to produce all sorts of music styles. The touch interface works so well for so many functions. It's to the point I can see adding another iPad down the road, just to have two of them docked on an I/O board like one of the many Alesis boards for iPad (drummer, mixer, guitar amp, I/O board), and going into a computer DAW. It really is an amazing studio on the go. What helps is a lot of apps follow a couple of great Audio Copy/Paste protocols, so you can easily move audio from one app to another and build on what you've started. Some apps I've acquired already: Animoog by Moog ($30 synth app I found on sale today for $2.99) GarageBand ($5) Korg iKaossilator ($20 app that does more than the $120 hardware version) iMascine beat sequencer ($5) Studio Track ($10 8-track recorder) Xewton's Music Studio ($15 127 track sequencer, 65 instruments, fx, mixing, automation, etc.) NanoStudio BeatMaker 2 I'm just amazed at what you can do on the iPad with music...pretty much everything you can on computer, just in small scale. For guitarists, you need something like the Apogee Jam or Sonoma WireWorks GuitarJack 2 to interface with, but you get pristine sound quality. You can literally make whole demos and beyond by shopping for the tools that are right for you. And for cheap (when it comes to music gear, right?) - I have spent 60 or so bucks on apps, and I'm loaded. Plus I have an IPad. It's like I bought a new instrument, portable studio, and tablet, all in one.