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It would be unwise to submit to vendor lock-in.
The question is who will pay for the iPads; the student, the school or worse the taxpayer ?
"We’re currently spending about $40 million a year on books. And they last about seven years."

And they expect the iPads to last that long? The hardware might, but the latest iPad (or whatever comes next) software will no longer target such an old device.

Not to mention the cost of buying licenses for all the e-textbooks, and the cost of updating them yearly.

Politicians should never be allowed to make decisions that have anything to do with science, technology or medicine. Or money.