Apple fanboys and fangirls can rejoice for there is a new product Steve Jobs, the CEO of Apple, recently unveiled. By now, surely everyone has heard about it; I’m talking about the Apple iPad.

One of the features of the upcoming iPad is reading iBooks. Sure, reading iBooks on the iPad sounds like a great idea and would save paper but is it worth deteriorating your eyes over? Staring at a backlit screen can’t be good for you, especially if you were at school or work for eight hours staring into a regular computer screen. Would you then want to come home and snuggle up with an iBook?

The anatomy of the iPad compared to the iPhone is exactly the same besides the screen size and the processor. There are the same external buttons, sleep/wake, mute, volume and home. The screen size is 9.7 inches while the iPhone and iPod Touch is 3.5 inches. No USB ports, although you can buy a separate iPad camera connection kit that will allow you to convert the iPad connector to allow you to import photos via your camera’s USB cable or via SD card. I’m hoping that this separate accessory will lead to a way of hacking the iPad for a more customized product. Also, the largest capacity of an iPod Touch is 64 Gigs and guess what? That will be the largest capacity offered for an iPad, too.

One thing that is unpleasant about the iPad is that there will be no flash support in the web browser. According to Steve Jobs, the reason why there is no Flash support in Safari is because Flash causes Apple products to crash and act buggy, as well as diminish battery life. If you’re a big fan of YouTube, though, fear not, for there is an app just for viewing YouTube videos that will work on the iPad (just like on the iPhone and iPod Touch).

From my overlook on the iPad, I believe that they are the computer of the future for the rich and spoiled. Maybe I’m just being bitter and I’ll be honest—If I had just five hundred dollars lying around, I’d probably buy an iPad. But I don’t. Spending five hundred plus dollars on a machine that does basically everything that my iPod Touch can already do seems steep. The user interface on the larger screen size of an iPad is without a doubt gorgeous, but for someone like me who actually counts on their computer to be a machine that is able to do more than just check email and surf the web with, the iPad just isn’t powerful enough

If you really want an iPad but can’t shell out the extra five hundred plus dollars for one, there is one way to upgrade your iPhone or iPod Touch for less than ten bucks that my friend Sam pointed out: Search for “Magnifying Glass” at Amazon.com.