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Actually, the main competitor for the iPad2 is the Motorola Xoom. In terms of alternatives, the only other real option at the moment is the Samsung Galaxy, but that runs an older operating system than the Xoom (Whig runs Android Honeycomb).
There's a whole bunch of decent looking tablets coming out soon - one from LG, Sony, Google, Acer. It might be worn waiting until later this year.
I have the Xoom, and it's great. A little rougher around the edges than the iPad2, but it plays flash which was one of my key criteria - so I can watch catch up tv etc.
As for space, 16gb will hold hundreds of mags if not thousands.
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