Thanks for the responses guys.
After much debate in my mind and some good thorough research, I keep going back to the iPad. Android tablets are alright but I think I would be disappointed. There would be lots of hours testing ROMs and kernels just to get it to where I want it to be, whereas the iPad is smooth right out of the box.
I see that Apple's official refurb store has 1st gen iPads for $350, so I think I may bite. iPad 2 refurbs (whenever they show up) will probably only be $50 cheaper. Not worth it to me.