No mention of GPS, web camera, multi-tasking capability but the price of the new iPad device from Apple, announced today is half the rumored $1000 mark.

Pricewise the 16 GB iPad, for $499, is sure to succeed when you compare it with Kindle or Nook. But, it is to be seen weather the ‘zoomed-in iPod Touch’ will appeal the public.

Apple CEO Steve Jobs unveiling iPad, a new Apple tablet device: