That and with a better battery (sure they will come out or exist in some form) it becomes much nicer.
Though the 16GB storage, thought even with the Nexus 7 they are dropping the 16Gb and replacing with a 32GB as the new top end model. But this is the base model. Even adding a 4-cell battery and an a base of 40gb would of been a nice move and offered a longer lasting platform.
That all said I recently got me a netbook cheap on clearance, 2gb ram built in 3g modem...Even if I stuck a 80gb ssd in there it would still work out cheaper. Though this does look appealing as a grandparent/parent pressy given the time of year. Just show them how to email google and your covered; Very tempting.
Putting the time difference aside, how many of those does your gateway have? The processor is probably a little faster, too.