Why is the Xoom "overpriced" exactly?

I keep seeing a lot of folks out there complaining/whining that the Xoom is "expensive" and "overpriced" when compared to an iPad. Really? Are you comparing Apples to Xooms here?

Amazon has the Xoom Android Tablet (Wi-Fi) version for $589 the iPad that is nearest to the Xoom in features is an Apple iPad2 (32GB, Wifi) version for $589 it looks to me to be about the same price!

Now if you buy an iPad 2 today sure you get all the applications available but you also get all of the following:

• No USB connectivity
• No HDMI (without a $38 dollar iPad HDMI adapter)
• No 1080p output
• No SD card (No expandability)
• A lower resolution screen (132 ppi vs 160 ppi)
• No customizability (try and load an alternate keyboard on your iPad )
• No Flash

I do not hate the iPad and if you want all the apps today please buy one but, Apples to Apples the Xoom is about the same price. Some might argue actually cheaper than the iPad given the features. Would it have been nice is Motorola made a 16GB WiFi only version for $499? Yes, but they didn't.