Graham Spencer at MacStories has put together a multitude of ways to visualize the 7.85” iPad. Very thorough.
As it stands, there isn’t a great place for an iPad in my workflow. The two things I would truly use it for are reading and movie watching. I can do both on a MacBook.
In no way do I think the MacBook is better, or that the iPad can’t do creation — I just don’t think it’s best for me, and that’s what matters.