Big Monk Games

This is based on the announcement. I have yet to download the new SDK.

Pros

New Platform but will be easy to port from iPhone/iTouch.
Wireless without having to get yet another internet access bill.
Big enough to display media in high detail yet light and mobile.
Very slick and sexy.
$499 starting price point.

Cons

AT&T 3G service? Come on... Biggest complaint is we are stuck with one provider. At least was compromised with fair prices.
No Camera. Seems like this would have been perfect to be able to skype or some kind of video conferencing.
Not certain this will be as huge as I think/hope it can be. I'm not a consumer buying analyst.
Apple's potential continued vagueness on what will qualify an app to be put on the App Store.

Overall I'm excited to see if this can be a "Gold Rush" 2.0 for App developers. Particularly game developers as well as other media creators. I think for the little guy we can't lose either way. If the thing only sells OK then the big guys may be less likely to invest heavily and us little guys can have the market to ourselves. If it sells like gang-busters, we have a huge user base to tap in to.