My iPad presentation timeline.

20 minutes: It’s a big iPod Touch.

55 minutes: It’s a big iPod Touch that can run iWork.

65 minutes: It’s a big iPod Touch that can run iWork with 3G.

75 minutes: It’s a big iPod Touch that can run iWork with 3G that’s $499USD.

80 minutes: It’s a big iPod Touch that can run iWork with 3G that’s $499USD that’s out in March and you can get a keyboard dock that is a really great idea.

85 minutes: OMG JONY IVE IN A VIDEO.

90 minutes: WHAT, ‘NO ONE MORE THING?’

Thanks to Leo/TWiT for the stream. Best coverage ever.

Do I want one? Sure. Does it replace the Macbook Pro that I’m getting in the next month or so? Heck no.

I can see myself maybe getting the cheapest model somewhere down the road. I’m so much more excited about the fact that this thing runs Apple’s own chip and what that means for iPhone 4 because that thing has some serious horsepower.