Samsung Galaxy Tab Promo, compete with iPad?

Is Samsung's new Galaxy Tab going to compete with the Apple iPad? It's definately got some differences from the iPad like Flash support, cameras, and removeable storage. The Galaxy Tab is also being marketed in this video as being more portable and pocketable than the iPad.

Features shown in the video:

- Widgets (probably the highlight feature of Android so far)
- Google maps navigation
- Music & Videos portal
- Emails- 4 e-books apps
- 32GB SD memory slot
- Stream to any monitor
- 7 Hours battery life
- Front webcam for video chat
- Adobe Flash support for games and apps (well, surely that you won't have on the iPad).

I wonder what happens if you sit down with that in your back pocket...