First, let me start off by saying that this tablet is worth the price just for the universal remote! You can have multiple rooms with multiple devices and it can even do some things the Logitech's can't. I can have one room with a TV, surround sound receiver, and DirecTV. Turn power on on the TV, go to the right input, turn on DirecTV, and receiver. You can set the volume to only adjust the receiver, set the channel to only work with DirecTV and the input to only work the TV. Again, it's great for just the universal remote!
Next, yes, it comes pre-installed with Netflix and Hulu, both worked well for me, just may be a bit slow to get started.
Yes, it will play Angry Birds for those interested!
Yes, there is access to the Android Market as well as the Amazon market - however, not all Tablet apps work, and not all Phone apps work. It's weird how some apps work and some do not...have read people modifying different apps to work, but no experience here.
Yes, Gmail, YouTube and basic web browsing work great!
Very similar settings to an Android phone with 2.3.2. For those interested, mine is up to Kernel Version 22.214.171.124
There's a bunch of help over at the Android Forums for those scared to do too much modding as well as some working with Rooting. I have yet to Root mine because I was holding out to see if ICS was coming.
With all that being said, it is a bit slow comparing responsiveness to other tablets (or phones) and the battery isn't amazing. The past few updates have helped the battery last a bit longer and there are still updates coming.
To conclude, for the price:feature ratio, this is a great deal! If you weren't able to snag a Transformer from Best Buy or the Touchpads from Ebay yesterday and still holding out for a "cheap but good" tablet, jump on this! I paid $275 not including a cover a few months ago and do not regret it at all!
Again, worth the price just for the universal remote alone!
**If someone is curious if their TV, receiver, DVD Player, Amp, anything with an IR port will work, I will gladly look though mine and see if it's on the list. With that being said, the app itself is smart enough to scan and find codes not included on the list as well. This has worked multiple times for me. (Think going to Hooters during a big UFC fight and turning the power off of the TVs...hehe)
I can also include a list of my various models it works well with if anyone is interested.
EDIT* Forgot to mention that you can download launchers on the VTAB to change the home screen look (which I hear people complain about).