That's basically worthless in a country where people are paying $10 per GB for 4-5 megabit LTE service, or else hopping on Starbucks Wi-Fi access points to get 1-2 megabit service.
I can foresee scenarios where that would be useful: when we have unmetered 30-40 megabit wireless service everywhere. But very few people in the U.S. find themselves in that situation.
I don't see that. For most application the typical Wi-Fi access is enough, e.g. for music and movie streaming, working in Google Docs...
Even if it was only working on home Wi-Fi, it would be far from worthless. People pay $200 for a Wi-Fi home NAS. Having your home NAS available anywhere is a nice plus.
Also there is the screen that is higher resolution and multi-touch.
You're going to chew through 10 GB of LTE steaming music and movies. Working in Google Docs, maybe, but Google Docs sucks. I can justify $250 to use Google Docs over Starbucks WiFi. Not so much $1,300 to do the same thing.