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It also has a SD slot which is big if you take photos (amongst other uses).
iPad does SD nicely...
I think Apple is thinking bigger than USB/SD. Reports are out today that Apple has acquired 12PB (yes, petabytes...12 000 000 TB!) of storage for their new secretive data center and plan to make their MobileMe service free in a matter of weeks.

That could allow them to solve the storage/media problem with iDisk without compromising their form factor.
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