Time releases their annual list of the most innovative inventions, and some insights on media consumption habits.

Time's annual list of the best inventions of the year is topped by the iPad – and according to the magazine,

How does Apple keep out-inventing the rest of the tech industry? Often, it's by reinventing a product category that its competitors have given up on. In theory, the iPad is merely a follow-up to such resoundingly unpopular slate-style computers as Microsoft's Tablet PC. But Apple is the first company that designed finger-friendly hardware and software from scratch rather than stuffing a PC into a keyboardless case. When it calls the results “magical” and “revolutionary,” it's distorting reality only slightly. One analyst says the iPad is the fastest-selling nonphone gizmo in consumer-electronics history.

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