Quote:
Originally Posted by JavaBrewer
Attended a large conference dominated by Apple users when iOS 4.0 was released and was one of a handful that did not download the update. Result - I retained a functional 3GS iPhone 
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Yep, if you don't update, your old device will work fine (though you can't update your apps or download any new ones). Once you go to the new iOS, your old equipment slows to a crawl. I can't imagine trying to load this on an iPad1.
I've got no plans to load it on my iPad3 at this point. Maybe, if other owners don't see any degrading of performance, sometime down the line...