Sony Tablet P, a foldable touch screen tablet

An email from Sony just appeared in my inbox. I guess I must've subscribed at some point but I don't remember having received any emails from Sony in ages, so who knows.

The email was to promote the Sony Tablet P, a foldable touch screen tablet, which states it's top features as:

  • Dual 5.5" touch screens
  • 4G capable
  • Sony Entertainment Network with Music Unlimited, Video Unlimited and games for PS Certified devices

I decided to click on it to read a bit more. I found it's screen resolution is 1024x480 each, it has only 4GB storage (expandable to 32GB with aN SD card), "up to 7 hours" battery life, bluetooth version 2.1, by 4G they mean "HSPA+ with enhanced backhaul" and not LTE, and the operating system is Android Honeycomb instead of the current Ice Cream Sandwich.

How is this supposed to compete with the iPad?