Shift is too little too late. It was first announced well over a year ago, and back then it would have been quite cool. But now it's underpowered, underspecced and overpriced.
It's a shame, cause back at the announcement I would have purchased one in a heartbeat.
Oddly enough, the upcoming 9" EEE PC might suit you just fine, it isn't a tablet but it'll do everything you mentioned.
The Shift was meant to come with GPS and second CPU (one for Windows, one for Windows Mobile). But at $1700 you'd be better off with a Macbook Air...