It is faster with a larger screen, plays Flash content and has upgradeable memory to name a few of the advantages over its competition. No this is not a cartoon character it is the Neofonie WePad. Never heard of them, me either but it looks like they could be a contender! Check out the specs at the bottom of the pdf located at the preceding link.
I am very impressed with HP of late. I am currently using an HP laptop (EliteBook 8730) and love it. I recently watched a video preview of the HP Slate and I have to say that it looks impressive. As with any device the proof is in the use but as a preview it looks good. This is the first of many devices that will support the full web (Flash enabled) this year. The result of a very successful venture called the Open Screen Project.