Thank you all for your comments.
You guys are right, I would never get an iPad to replace a laptop.
And I do not think I would use it to take notes either. I like handwriting my notes.
I just thought it would be nice to have it as an e-reader so I do not have to carry the text books around.
Seems like it is a better tool for rotation years, so I might just wait until iPad 4,5 or so haha