The iPad Air comes in two finishes, Space Gray and Silver. Another interesting feature that was not really covered during the keynote was capacity, the iPad Air stars off with 16GB storage for $499 up to 128GB at $799 for the wireless model with the cellular model coming in at $620 and $929 respectively. The wireless radio runs at 802.11a/b/g/n duel channel 2.4GHz and 5GHz. The cameras are what you have come to expect. They shot 1080P HD video, with video stabilization, face detection tap to focus and much more. (Being a video guy it is very easy for me to go on and on about cameras, but I and intentionally holding off so I don't bore you.) Battery life, this is where Apple destroys the competition. even with making the iPad smaller, Apple still managed to retain the same battery life as the previous model, up to 10 hours of surfing on Wi-Fi, or 9 hours using cellular data. The iPad Air comes with iOS 7, and the iLife and iWork suites. Also included if FaceTime which is now capable of Video and Audio calls. AirPlay is also included to share content from your iPad to your Apple TV.
The bottom line: The iPad Air is a really nice upgrade, if for nothing else weight. Don't make any judgements about the iPad Air, until you need to pick one up yourself to really appreciate how light and functional this device is.