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Everyone’s looking for the device that will revolutionize the education market. At least one analyst things iPad is it. The Wall Street Journal’s Digital Daily blog quotes Needham & Company analyst Charlie Wolf saying some promising things about iPad’s potential in education.

“At $500 before typical education discounts, the iPad is price competitive with all the PCs schools now purchase,” said Wolf. He thinks it will be challenging for Apple to gain ground quickly in secondary education, but that the iPad is likely to be adopted quickly in higher ed.

In both cases, however, everything hinges on software developers and publishes getting on board: “it will depend on content developers–the publishers–exploiting the dynamic features of the device to enhance the educational experience,” Wolf told Digital Daily’s John Paczkowski. How iPad fairs in education is one more thing we’re waiting to see play out once iPad is unveiled. One university in Oregon is already offering students a choice between an iPad or a MacBook when they get to campus.