Far from it. I am telling everyone around it's the best deal running on a tablet. After I thought long & hard about everything I would likely use one for and observing how my buddies with iPads use them, I realized that Amazon pretty much has tablet usage figured out. I & my wife use them for reading, web browsing, Facebook, gaming, and consuming video & music. This would've been the same regardless of which device we chose, but the Kindle Fire's size is perfect: small enough to slip in a jacket/cargo pocket or a purse, small enough to comfortably hold while reading or browsing, but big enough that video & games are viewed well on it. I love the display on this thing.
I thought storage would be an issue, but when I thought about it, my G2 has less than 2GB available & that was only half full with my 16GB SD card less than half full as well. Storage was never an issue on it, so why would it be on the Kindle? My music is stored on Google Music for backup, with Audiogalaxy as primary for streaming. I have subs to Netflix & Hulu+ which both work very well on the Fire. The only things that truly take up space are apps. When you look at the Nook Tablet & its 1GB storage limit for non-B&N content it really shifts the balance towards the Kindle Fire.
Bottom line: it does everything I want in a table and now that mine is rooted (my wife's isn't & she's perfectly happy with it that way...she uses her's just as much as I do mine) it actually does even more. Google Market & Apps (especially GMail & Calendar), full Documents to Go, SwiftkeyX & ADW LauncherPro essentially make this a full tablet. I can't wait for CM9 to roll out to it too. Sure Bluetooth would be nice, and the back button should be more responsive, but the first is not truly needed (and not expected at the price) and the second will likely be fixed soon. I could spend $100 more and still not beat this device. Jump ship? Please, Amazon will have a buyer here for their next one too. Matter of fact...make that two.