It makes it easier to obtain expensive device earlier for people with less expendable income. But if people struggle to obtain something even for under $600, maybe they should not be buying expensive gadgets in the first place?
Thats why our economy is in trouble because many people borrow to the hilt whether its for cars, mortgage, student loans. Today interest rates on savings account are useless. Stocks and bonds don't offer the same liquidity and guarantee against loss as fixed assets such as cash.
And again- if you could NOT fiance the iPad you could not buy it- meaning you did a "rent to own" option if you will. The point is; this is only going to cause more problems in the long run. It did not help you. It only spread those payments out. You could have still paid for it by saving.
But as we all know- VZW can do no wrong with you as you are their poster child.