It's called the iPad, and it looks like a big ass iPhone.
Source: SiliconANGLE — Blog — Breaking: Apple Tablet IPad - Apple is Biggest Mobile Device Company
Source: Live from the Apple 'latest creation' event - Engadget
Usually, I see the bright side of things, but I don't really see much potential with this. Of course I could be wrong, but the thing is, who will this market to? And will that be profitable?