All of which is fine for a bog standard textbook, but Apple's working to make these things more useful - full color interactive experiments, video, etc.
Very few textbooks are read linearly. All would benefit from solid interactivity, search and annotating capabilities.
Random access speed (when going to a specific page, or to return a list of results) is also nice for a textbook, while it's not very useful for a novel.
nb: the more I think about it, the more those e-textbook sound like modern Hypercard stacks.
E-ink is a bad fit for them. All it has going for it is the lower price of available devices (which is a major plus) and that some people claim they get eyestrain from reading on LCDs (hardly an issue with textbooks).
iPad is incomparably better for anything that uses more than straight text.
Even today's textbooks would be very poor on Kindle compared to iPad.
But today's bestsellers are much better on Kindle than iPad, in my opinion. I like the e-ink for long periods of text reading.