Apple apparently already considering ipad price reduction....

[Blue.Fairy2]

Apple May Lower iPad Prices, Add Camera Module
eWeek
"Apple wants the iPad to be the best device for a few key use cases," Shope wrote in a note, excerpts of which have appeared on The Wall Street Journal's blog. "This clear segmentation of capabilities suggests that cannibalization may be less of a concern than most currently believe."

But Apple executives are apparently willing to lower the price point for the iPad if the device fails to gain traction in the market. That would be similar to Apple’s decision to slice the price of the iPhone by $200 some two months after the device’s release. Apple later extended store credit to early adopters who had paid the iPhone’s initial $599 price.

Immediately following its Jan. 27 unveiling of the device, Apple listed a variety of price-points for the iPad based on options. The 16GB version will cost $499 with Wi-Fi, and $629 with Wi-Fi and 3G. The 32GB version will cost $599 with Wi-Fi, and $729 with Wi-Fi and 3G. The 64GB version will cost $699 with Wi-Fi, and $829 with Wi-Fi and 3G.

Sounds good to me