Yes.
That's it, in a word. Great for travel anywhere. Great for home use.
How does it compare with the iPad? Don't compare it. You can't expect a $199 (yes!) device to do everything that a $599 device can.
But that said, the Kindle Fire has some amenities that the iPad lacks. Such as: FLASH!
Why the low price point? It seems to me that Amazon's Jeff Bezos, being a smart guy, realizes that this is a smart move to boost sales of content -- Amazon content. Good move.
It's a buy.
More info here: http://www.amazon.com/forum/kindle%20customer%20service%20q%20and%20a?_encoding=UTF8&cdForum=Fx1GLDPZMNR1X53&cdThread=Tx8JRF3BB4TRDE
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