I bought an ipad.
I have no real idea how good it is to read on yet because I am still playing with it.
I will write a reading review someday, when I actually finish a book on it.
The best thing about lack of multi tasking, is that you have to close the reading app to check your email/twitter/facebook/rss feed.
I will say my two nieces (13 months and 2 1/2) totally understand it. Both have played a lot with it. But the 13 month old plays with it for 5 to 10 minutes and then want me to read her a paper book.