I think you're extrapolating that far beyond the specification.
Honestly I've actually tried to sit and write code on an iPad. I forced myself to exclusively use one for 2 months. It's one of those things where it's entirely the wrong tool for the job. Casual note taking perhaps but that's about it.
I write a lot of code on the iPad (more than 40h/week, both webdev and native, since at least 4 years) and I like it better than using my (aging) laptop or a desktop computer. It's incredibly smooth and forces me to do mostly one thing at a time. I find it a better match with how my brain works. That being said, you cannot do everything on it, but that is part the point.
