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1) You can't get it (at least initially) without a contract.
2) Google Maps (I assume) will be essentially useless on it without a WiFi or mobile connection (e.g. have to have a contract for the most effect).
3) Much too small to use while driving.
4) Using it while driving will get you pulled over in some places if not an actual ticket (laws about cell phones without a hands free kit).
5) At $500 (for the 4GB model) you are paying roughly half the cost of installing a Mini, but you are getting far less than half the functionality (more HDD space, ability to customize, usable size screen, etc..).
Those are my thoughts anyway.
-dave
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