"It's odd that there seems to be no office software for Ipads"
There is, Apple have released Pages (word processing) and Numbers (spreadsheets) for the iPad.
"I got ds a netbook because I wasn't convinced about the word processing capabilities of an Ipad (didn't do much investigation though)."
While it can do it I agree that a netbook with a proper keyboard will be better. The iPad is great for taking notes in a meeting and tweaking existing documents but I don't think it's at all suited for creating big documents. But that said you can buy a proper keyboard for it...
"surfing isn't always that great as it doesn't support Flash so a lot of embedded videos won't play"
I've not really missed Flash on my iOS devices, true enough there are a few videos that won't play but most of the web works. Flash is a technology that's is fading away, you can do amazing things now on the web without Flash. Adobe have already announced that their ceasing development of Flash for mobile platforms.
"On the whole, I think a netbook is more worthwhile."
I think there's a real choice and a real differentiation between the two platforms. There's no way that you can argue that one is "better" than the other.
iPads, on the whole, just work. They are a doddle to set up, look after and use. But they're really limited to just content consumption.
Netbooks are far more complicated and if you buy a Windows one then you're getting back that never ending treadmill of security and virus worries. But in return for that complexity you get something that you can create with far more easily.
So how do you spend your time on online? Do you consume or create? Which suits your needs better?