I don't actually mind the name: it's reminiscent of the P.A.D.D. from ST:TNG, DS9, and Voyager... which was the inspiration for the iPhone/touch/pad.

(secret confession time, I named my iPod Touch "PADD". Yes, I'm a trek geek)

Someday my needs might be best met by an iPad, but for now I'm very happy with my iPod and its size and functions. Matched up with my iBook, I'm covered.