Yes an iPad can be a wifi hotspot.  However if you don't have a 3G one then it doesn't have the built in GPS.  But it gets worse reading the Eye-Fi site as it uses WPS and the iPad doesn't release this information (though it may through 3G).  The fact the Eye-Fi uses a sidecar XML also means it doesn't truly geotag the file and this requires you to load the image and XML into an app that will understand this.  You can also use Aperture or Lightroom to sync images with timestamps on a GPS unit's track log (Aperture will also do it with an iPhone/iPad GPS log)
If it was me I'd look at getting the Aokatec AK-G7 (can be a little cheaper on ebay).
				
			 
			
		 
			
				
			
				
			
			
				MY15 Discovery 4 SE SDV6
Past: 97 D1 Tdi, 03 D2a Td5, 08 Kimberley Kamper, 08 Defender 110 TDCi, 99 Defender 110 300Tdi[/SIZE]
			
			
		 
	
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