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Are ebook readers about to be discarded in favor of the iPad? After the big launch of the Apple iPad, gadget geeks are frantically pacing the floor, anxiously waiting for the time when they can at long last get their hands on this device. The iPad versions equipped with WiFi are expected to be shipped by late March and the 3G models will be delivered starting April. It’s no surprise actually; a person who uses Apple products are a rare breed, loyal and have stayed true to Apple.

It looks like Steve Jobs still got his touch, creating a product that will be flying off the shelves, no doubt. Perhaps scores of Apple followers will meander in long lines at the nearby Apple Store, standing by for when the iPad will finally go on sale, reminiscent of the iPhone release. But with all of the buildup surrounding the iPad, will it overshadow the popularity of other ebook reading devices such as the Kindle and Sony Readers? In order to come to a verdict, let’s take a look at the iPad closely.

It’s not cheap with prices starting at $499 and topping out at $829, and why wouldn’t it be more than a bit pricey? True, the iPad is an ebook reader but it does a great deal more than that It looks like an over-sized iPhone, minus the call capabilities. You’ll be able to view high-def movies, stream TV shows, browse the internet, and play games on it. The large 9.7-inch IPS touch screen is up to Apple’s high resolution standards. It comes with a storage capacity of 16 GB, 32 GB or 64 GB flash drive.

With such storage capability, this gadget will no doubt hold a library much larger than your typical ereader. Books are cleverly arranged on a “book shelf”. You can just tap the book you want, and enjoy reading it on a high-resolution, LED backlit display. It also runs special apps created for the iPad, and also many of the 140,000 applications from the App store.

Here’s a problem, however. The iPad will only be connected to Apple’s own ebook store, and these books are not compatible with the Kindle and other ereader market dominators. If you have a wide collection of ebooks already on another ereader, you won’t be able to access them on the iPad. While it is still unconfirmed as yet, rumor has it that iBooks will sell for $12.99 and $14.99.

The Apple iPad is easily transportable, lightweight, and most likely really fun to use. But if you won’t be in need all of the “other stuff”, the ebook readers available now will do just fine. But if you are a true-blue Apple fanatic, then Jobs and his team have produced yet another brilliant product for consumers. With amazing clarity and capabilities, you will “iLove” this multi-tasking gadget. The Apple iPad will fit flawlessly with your MacBook Pro, AirPort Express, Magic Mouse and iPhone.