Point is this - both the iPad and the netbook are superfluous items. You don't need them. They both aren't that exactly powerful and are limited in what they can do.
However, despite its many limitations, the iPad excels
in what it can
do. Just look at the tasks you listed above.
...web browsing, youtube, the occasional movie, etc.
Web browsing is fantastic compared to a netbook and the larger screen makes it an excellent device for watching movies and YouTube videos.
Doing the same on a netbook pales in comparison. I know because I was in the market for a new netbook a while back. It wasn't until I went to a store and tried it in person when I discovered what a netbook really was - a cheap computer bundled with a low quality LCD display. It wasn't easy to handle and it had poor battery life. Sure, it could browse the web, sync with USB devices, multitask and watch movies, but it didn't particularly do any of these items very well. If I really wanted a device that could handle these tasks efficiently, I'd opt in for a full fledged notebook. Likewise, if I wanted a device that was extremely portable, I'd simply opt for a portable media device.
The netbook needs to excel in something
in order to make it a worthwhile purchase, and to me, it doesn't. It doesn't bridge any gaps and it doesn't make for a useful computer.