The hysteria of product launches (like the iPad2) have ushered in a level of consumerism like we’ve never seen before. Thanks to the Internet and news media outlets, we’re inundated with gadget unboxings, photos of long lines on product launch day, and the resulting plethora of product reviews on blogs and tech sites that keep the hype machine fueled in the consciousness of peoples’ minds for weeks and months without end – whether we want (or can afford) the product or not.

It’s kind of numbing, isn’t it?

Many people get caught up in the hype of having to have Shiny Object(TM) on the day of its release. As an all-round geek, I can understand the excitement, but I prefer to keep my distance from the spectacle. I almost never buy a product on its release day.

Why?

Invariably, there will be bugs with any new product. Instead, I prefer to let others “field test” new toys for a few months before I jump in, evidenced with the purchase of my last laptop, an early 2008 Macbook Pro.

The siren song for new hardware purchases can be difficult to resist. Here are four questions I ask myself before purchasing new hardware:

  1. Do I really need it?
  2. I can arguably justify any purchase, but I have to be realistic and honest with myself. Toys are fun to have, sure, but family priorities and expenses come first.

  3. Can I afford it?
  4. Just because I can afford something, doesn’t mean I need something. I don’t buy something just to keep up with the Joneses. Lasting value is incredibly important to me.

  5. Does it do what I want it to? Will it do what I want it to?
  6. The potential applications of a Shiny Object(TM) are just as important to me as what it could do for me right now.

  7. Will this improve my productivity in a significant way?
  8. Translation: Will this save me or help me earn more money?

From the reviews I’ve read, I have no doubt that the iPad2 is an excellent tablet. Like most self-professed geeks, I want one, but I don’t necessarily need one.

One of the big things holding me back on the purchase of an iPad is the fact that I want to primarily use it as a drawing instrument. To that end, pressure sensitivity and a stylus are features I need the most. That doesn’t seem likely in Apple’s roadmap (though it may happen in the future), so for me, the iPad2 remains a really neat, but not essential, gadget.

But maybe I’m missing something. Do you own an iPad? What do you primarily use it for? How do you justify your tech purchases? Sound off in the comments below.

-Krishna