I said the EXACT same thing! haha- I used to (actually still) have a m1600 tablet pc

specs are:
1.1 ghz cpu .. i hated how slow it was
1.5 gb ram
128mb video ram

and looks like this

only thing the ipad wins on.. accelerometer/gyroscope .. battery life .. less heat .. probly faster GPU - but still doesnt add up when you see the difference in the timeline of them being made