The new ipad hit or bust?

The newest apple product is the new ipad. To me it looks like all that it is a giant iPod touch. The ipad comes in 16gb 32gb and 64gb. You can also get it equipped with 3g from AT&T so you can browse the web anywere you are. I think that it looks pretty cool if you don't already have a iPod touch or an iPhone. But if you do I wouldn't look any further into the product. I think that apple needs to start making a new iPhone 4g with an oled screen.