I am sure you will hear a lot about this over the next few months and years. I have an iPhone and extremely excited to have its big brother.
I listened live to the Apple Announcement and here is some bullet points about the iPad I heard.

iPad:
9.5 inch screen
Keyboard on the screen
All the apps from the app store will work on it. Original size or 2x the pixels for full screen.
Cost:
16gb = 499$
32gb = 599$
64gb = 699$

It has 3g built into it for the following through AT&t
14.99 = 250mb a month
29.99 = Unlimited data

iWork looks cool, excel sheet and more
iBook – Like Kindle from Amazon get all the books through the store and read them on the iPad

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