I bought one today, spent a few hours playing with it and must admit it's a very good bit of kit. Certainly as capable as the iPad (I have an iPad 3), screen is clear and it's obviously very good value in comparison.
Doesn't feel as designer as the Apple products, I've always found them to be very tactile and feel excellent quality. The Nexus is light though and doesn't feel cheap at all, I'll be using it naked (not me the device) where as I put my Apple stuff in a case anyway, daft but they cost a lot so want to keep them mint.
I'd recommend one, just be prepared to play with the settings and customising as there's more to change and play with than on the iPad. Things are more hidden away but it doesn't take long to realise what's where.