Personally, my thoughts tend to move to the erotic when I'm in a situation without access to ordinary media. I'm unsure if the iPad would help or hurt this though. Accessing my TVersity server on the toilet might stop my mind wandering.
Where is most paid-for porn consumed? In hotel rooms by business travelers. Ubiquitous media access threatens that very lucrative market - but also presents opportunity.
I'm sure of one thing though: Using an ipad for extended periods of time on the toilette can hurt your asshole by causing hemmorhoids. Whatever you do with it, do it quick!