So I've been looking into field monitor solutions and the iPad has been intriguing. From what I understand it's not possible to do a live feed with one yet. But I was wondering if it can read the raw MTS files from my SDHC cards with the iPad Camera Connection Kit?

Apple - iPad - View the technical specifications for iPad. (http://www.apple.com/ipad/specs/) Look under "TV and Video"

I'd say the answer is no.