The iPad commercial from the Oscars - too fast?

Last night while watching the Oscars I saw this iPad commercial, which Engadget has shared, and I immediately thought it was too fast. I have seen the Keynote announcing the iPad and have poured over its features on the Web site - so I'm pretty familiar with what the iPad will do out of the box - yet I find this commercial too fast to really keep up with. If someone saw this having never seen much about the iPad then I'm wondering if they'd be left wondering what it was. But, perhaps that is the point?

Am I alone?