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It's more for me, I think. I have a Mac mini (desktop, not laptop), no iPhone, and I still plan on going back to school soon. The convenience of having all my textbooks in one place alone is probably worth the $499, and having an office suite on top of those really does make it more than just convenient. Add to that all the abilities of the iPod touch and it seems like a good buy.
It' kinda like a netbook/iPhone/Kindle hybrid, which I guess is what everyone was expecting.
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