Is the 128gb iPad the end of the Macbook Air?

With the launch of the 128GB iPad, is there there still a need to buy a macbook air for $300 more (128GB Mac air)? Both can have pages installed, both have iPhoto. With the iPad, if you don`t want a keyboard you don`t have to add one; with the air the keyboard is always there. The iPad can use iBooks and the Air cannot. On the other hand the air has Intel. Both are completely different but kind of the same. What would you choose?