Yepp it's official.... officially worse than the iPad.
It has way too much LAAAA(windows is resuming)AAAG. On top of this, it costs US$799. I think the Tega V2 may be better, and I know plenty of others are waiting to see how the Exo-PC shows up.

But after pondering awhile, I think Windows 7 on a tablet is something so so easy to stuff up and so difficult to get right. So I'm going to say Froyo/Gingerbread is the only viable option against the iPad (until MeeGo comes out, well see how that goes).

Personally, I would shell out US$350 less for the Advent Vega, which runs faster, has better battery life and all the same connectivities.
It can be hacked to do crazy stuff like to run MIUI and overclock for insane performance, and there are ways to hack the Android Market and Google Apps on to it.

If Advent Vega trully has a 1366x768 screen and can be hackable, that device will eat the iPad and the HP Slate for breakfast!

(I'm really looking forward to the tablet warfare)