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Eric Schmidt has seen the future of magazines, and it's on the tablet....
...Five years from now, the world will have "powerful, tablet-looking things — [devices] that look roughly like a tablet — as a substitute for traditional media," Schmidt predicted. Those tablets will have apps that are "incredibly immersive," including magazine apps, which will take advantage of people's social graphs, location data and other features to offer a more interactive experience, he said....
I actually don't own a talet but I can easily agree that tablets are becoming the 'paperback' of our digital community. It wasn't that long ago that people carried a paperback book around and read it in bits and pieces as time allowed. Nowadays it's the tablet.
It does seem to me however that battery life is keeping the tablet from being as useful as they could be. I know that when a friend gave me a used iPhone 4s several weeks ago, and I found out how often I had to recharge the damn thing, I said, "Thanks but no thanks!"