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i don't get your point, why the ipad has to be a producer-gadget. 

there are so many gadgets, tools and apps that give creative people the chance to actually create all those great multimedia things you are referencing to in your post.

at some point we have to relax, sit back and just consume. 

i think it's good to have such a gadget at home, on the couch table. people tend to consumption. not everyone has to create stuff. 

i think this would be a nice addon to my parents home for example, checking mails, go to some news portal on the web or maybe connect it with some audio speakers to name just a few scenarios i can imagine for this gadget..

Don't be the product, buy the product!