That's what I use my TP for. I got all of next semester's slides from an upperclassman and put them on my TP. I have old tests as well as my textbooks in pdf format. I can now read on the go without having to whip out my laptop. Plus, since it's still a novelty to me, I may study more just to get to use the tablet. On my flight back, I also plan on sticking a few movies on there because the battery life on this thing is very good.
I only have one qualm and it upsets me a good bit; it's the fact that this thing has no exclusive quality apps. I realized this was the case when I bought it and I thought it wouldn't be much of an issue. Little did I know that this was once a very capable tablet and I ended up doing a lot more with it than I had expected. But when I try to bring it up to speed with all my other mobile devices, by adding apps that allow it to check scores, news, etc., I find that a lot of the apps don't exist or aren't free like their Android and iOS counterparts.
This is what drives me to want to install Android, but at the same time, I don't feel like dealing with bugs and lag that Android brings. webOS has never crashed on me, never lagged. The experience has been amazing. It just needs a handful of apps that give it the functionality that Android provides out of the box.