I wouldn’t want to code or a write book with it, and the software is in some ways more limited than I would prefer, but the hardware (display, stylus) are great and it’s a lovely tool for proofreading/annotating PDF files (or other material), making doodles, writing mathematical notes, sketching out user interface designs, drawing technical diagrams, planning carpentry projects, and so on (I know others also use it for drawing comics, making visual art, & cetera).
Basically it’s a great tool any time you want a computer (unlimited pages, many drawing tools in one, easy to import/share content, undo support, layers and versions, ..) with pen input rather than mouse/keyboard. The latency and precision of the stylus are as good or better than other graphics tablets, the screen is gorgeous, and the price is competitive as a drawing tablet.
I’d recommend one to anyone who can afford it, and does any kind of critical reading, design work (e.g. great for flow-charts), or work in a visual medium. It doesn’t replace a laptop, but it’s a great complement.