Tyler Cowen predicts:
My theory is that Apple wants to [use the iPad to] capture a chunk of the revenue in this nation's enormous textbook market -- high school, college, whatever. Why lug all those books around? The superior Apple graphics, colors, and fonts will support all of the textbook features which Kindle botches and destroys. Apple takes a chunk of the market revenue, of course, plus they sell the iPads and some AT&T contracts. There are lots of schoolkids in the world.
That sure makes more sense than rescuing newspapers. Sonny Bunch has further thoughts.