Lots of positives in this review from Toms Guide.
Downsides
and
Downsides
However, the Xoom and Honeycomb are suffering from the same issue that plagued the original iPad: a lack of dedicated applications.
Most of the apps we downloaded were built for Android 2.X. They work on Android 3.0, but they aren’t optimized for the hardware or the bigger screen.
and
andThere are two glaring holes for the Xoom right now: No Flash and no LTE. Both are promised upgrades, but they won’t arrive for another few months.
Another Review: CNET ASIASimply put: The Motorola Xoom does not support High Profile HD video playback.