I don't think Apple would even bother releasing a product like that if it's supposed to be sold to the masses. So yeah, if it costs $1,500 right now then it's definitely not the right time for it.
And Scott, Apple would probably make it better. You can dislike their practices or products as much as you like but they definitely seem to know what people like. I personally hate what they are doing to the desktop and the pro market on the Mac, but I can't help but see lots of value in the iPad..
The funny thing is that I actually would've preferred if this thing came out of Apple. Why? Because I trust Google even less. Ad serving is still their biggest platform for revenue so what's stopping them from using this device to compile even more information on you and push location based, "live" ads right to the device? The other reason is that I just don't want to be connected all the time. That's just me. Well, I also don't have $1,500 lying around.