Is the Apple iPad worth its sticker price?

Apple's new iPad is no doubt a beautiful, sleek device that promises to place oodles of productivity at your fingertips: web browsing, e-mail, interactive maps, photos, scheduling, TV shows, movies, music and books.

Given enough time, it could replace your paper newspapers, magazines, photo frames, portable DVD players and netbooks, too.

But is the one-stop entertainment shop worth its $499 to $829 price tag? Always mindful of your wallet, ZDNet sister site CBS MoneyWatch did the math to figure out the over/under on Apple's latest creation.

Just how much would you save by giving up all those subscriptions? Read on to find out.