Honestly, i think the Ipad's use as a media player is completely ruined by a few things:
1. ipads only play mp4 files, apple keeps boasting about all the processing power, but they won't let you play anything but their files on it....
2. sync time, most other tablets have this down, they act like flash storage and you copy movies and other files extremely quickly. on an ipad, it only accepts one file format (mp4), but then they go ahead and re-encode those mp4 files when you transfer them from iTunes leading to unfeasibly long sync times
3. no flash, honestly flash is a crappy format, but the vast majority of videos online are in flash, so no flash = crappy browsing...
anyway, on to helping you:
the biggest thing apple has going for it is the vast number of apps, take some time and research some great apps. Jailbreak, jailbreak the thing, great way to get more out of it, haven't been on the apple scene in a while, but there is a lot of neat things jailbreaking allows you to do.
if not, then sell it, you can get a cheat android tablet that does a lot more and have a $100 left over

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