Is it the absolute best small tablet? No.
I think not, this is by far the most robust tablet out there. On the design and feel of tablets nothing out there compares, the other devices feel decidedly plastic, The Nexus7 is close, and of course its screen blows it out of the water, but missing a camera in the back, and it feeling rather too clunky for its own good is a major downfall.
When it comes down it it, its all about the size, size, size. Its so thin and light that its a bit hard to believe, and once the screen goes retina, its going to be even better... [a side note: the problem currently with the other 7' tablets out there is that the bezels are outrageously huge, leaving a tiny screen in the center, with a super high ppi, but the ipad has the screen filling out almost to the edge, so it makes the screen in fact look bigger than the others]