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It's hard to grasp just how incredible this growth chart is until you compare the line for projected growth of tablet (use any of the three projections, bull, base, or bear--doesn't matter) with the line for e-readers.
And I've got to admit--based on how I use my iPad, and what other ways I could be using it that I haven't even gotten around to yet, I can see why Morgan Stanley feels this is reasonable.
I was just chatting with a friend who was planning to replace her old Acer laptop. She asked to examine my iPad, played with it for a while, and said, "Forget another laptop--I'm getting one of these instead. I'll even use it as a phone, over Skype."