Sure, he's very complimentary, in an
"imma let you finish, but the iPad is the best laptop replacement of ALL TIME!" sort of way, which is to say rather derogatory at the same time. He tries to place the iPad and the Fire as distinctly different products serving distinctly different market segments: the iPad as the high-end "laptop replacement" the Kindle Fire as the low-end, low-cost, blue collar, half-assed substitute which lures users into buying it through content delivery rather than device or experience excellence.
That's not terribly complimentary when you boil it down. My take is that the Fire, keeping in mind this is a 1st gen product too, is a quite suitable iPad competitor head-to-head. It will provide a high-quality browsing experience similar or superior to the iPad and it will provide a high-quality e-book reading experience similar or superior to the iPad. The Fire's lack of dependence on any sort of syncing with a PC is also a point where the experience is outright superior. The biggest difference is the size and perhaps the hardware / performance / efficiency, personally I don't think there's an objective reason to pick one or the other as obviously superior in this category. Perhaps an 11" screen is vastly preferred to a 7" screen, perhaps both are suitable, perhaps the 7" is more preferred, I don't know, and it's too soon to tell how well the Fire will stack up against the iPad performance wise. The other big difference is the app/game ecosystem. The iPad definitely has a head start and there are plenty of popular games and apps that are iOS only at the moment, but to be honest I don't think that network effect is big enough to drive the market a whole hell of a lot at the moment, especially in the face of a $300 premium on the iPad. The Fire doesn't have 3G, but it remains to be seen how important that is.
Overall, I think the Kindle Fire is a pretty strong competitor to the iPad, regardless of price. As I said, I think many people will find it to be a decent laptop replacement. Moreover, I think over the next year or so there are going to be a lot of moments where people who bought Kindle Fire's at or near launch will be having experiences that will make a lot of iPad 2 owners jealous.