Yes, the iPad is coming.

But it won’t come with the featured iBooks application.

Per Apple’s product listing for the device, the iBooks application won’t be bundled with the iPad and will instead be downloaded from the App Store, a move which places it on an equal footing with other e-book readers on the market.

The application is available for free and if you look at the photos of the iPad, the only bundled apps included with the system appear to be Calendar, Contacts, Notes, Maps, Videos, YouTube, iTunes, App Store, Settings, Safari, Mail, Photos, and iPod. Perhaps this will change if and when iBooks becomes available outside the U.S.