It can focus on building great software. The iPhone's revolution was its brilliant software which made using the phone a pleasure. (The iPhone's software serves as the base for the tablet, according to a report from Boy Genius Report.)
It can get the user interface right. So far, tablet computer has either been a bad extension of an operating system built for a desktop computer, or has required an awkward input device, such as a stylus. Apple's multi-touch "gesture" based user interface may be a breakthrough.
It can also redefine the tablet computing ecosystem. The Wall Street Journal reported a bunch of details about the tablet last week. The essence of the report: The tablet is supposed to be a new way to consume media, not just a touchscreen edition of your laptop. Apple can complement its hardware with digital movies, TV shows, magazines, books, music, games, third-party apps, and other media -- which prior tablets haven't done.
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