I am pleased to report that Netflix works wonderfully on the iPad and I'm able to enjoy movies anywhere in my house without carrying the weight of a laptop. Bonus points! I'm using my Apple bluetooth keyboard rather than the on-screen one because I type faster on it.
The 1GHz A4 processor zips through applications and websites like a breeze and I'm not facing any lockups or crashes like my iPhone 3G. Battery life on the unit is great too. This device is so lightweight and beats my HP dv5t in terms of entertainment, productivity and web browsing. I don't need to carry around a laptop to check email, weather, news or watch movies on Netflix. I will be testing iWork soon when I buy it from the app store. I want to test the ability to create documents and spreadsheets without the need to turn on my laptop.