The idea itself isn't new, but Amazon seems to have taken it up a notch. In practice, pages loaded relatively quickly depending on how much Flash a site features. (The more Flash on the site, the longer the load time.) It's hard to draw a direct comparison to say, usage on the iPad 2 since Apple's mobile iOS operating system doesn't support Flash, but in a completely unscientific experiment, I put the two tablets side-by-side and loaded the same Flash-free sites on both simultaneously. Silk loaded some pages a hair quicker, but the difference was negligible.
In other words, the Kindle Fire does nearly everything other leading tablets do. It also has something they don't. Each new Fire owner receives one free month of Amazon Prime, a taste of the company's service which offers two-day shipping, free movie streaming and access to the recently-introduced Kindle Owners Lending Library that lets users borrow one book at a time, once a month.
More than any other Kindle before it, the Fire is an initiation into an ecosystem where nearly every service is provided by Amazon. Often a not-so-subtle initiation. When you're shopping for an e-book, Amazon notes if the title is available to be lent to you. If you're jonesing for a video, the company points out that its Prime Instant Videos are "$0.00 for Prime members," while they're a la carte for everyone else. The Fire can be used without a Prime membership. But the message is clear: you're missing out if you're not a member.
The Kindle Fire takes Amazon's wildly popular services and presents them in a solid piece of hardware with a responsive, easy-to-understand interface that works. It doesn't have the iPad's extra layer of polish and sheen, but with the Amazon brand, a wide ecosystem of services at its disposal, and that $199 price point, it doesn't really need it. In that sense, Apple's tablet just met its first real competitor.