People keep saying that HP's $250 tablet PC has beaten Apple to the market. This isn't a sensible comparison: Apple's tablet will be a real computer, appealing to a different sort of consumer, whereas HP's is only a few rungs up from a digital photo frame. A more apt comparison is with Mike Arrington's TechCrunch's Tablet, offered on similar conceptual lines, and, ostensibly, at a similarly budget price.
HP's tablet doesn't look as good as Arrington's, either. It has no web browser, just a set of basic web-ish things like Facebook and some media streaming magic. That said, he's now faced with doing battle directly with the world's largest PC maker at the low end of the market. Oof!