That's right. Add in the $15 for each month that I get a iPad data plan and the cost is even closer. I now only use the iPad data for 3-6 months per year so I'd have access to a far larger data plan for the whole year, for an additional $90 a year approximately. That leaves the connection speed as the largest unknown. In my situation, I live in the boondocks with only a crummy satellite internet access at $80/ month. If my hot spot connection could approach the internet connection I'd switch in a heartbeat. Unfortunately, at my home I also only have access to AT&T's EDGE network. Sigh. What to do. Anybody have info about hot spot connection speeds? Especially for more than one device simultaneously?