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It will not run Windows Desktop Apps.

What you are looking for is Surface Pro which will be available in a few months. Or you could buy any one of the Windows 8 (not Windows RT) convertible tablets/hybrids that will be available from the likes of Lenovo, HP, Acer, Asus, Samsung, etc after Windows 8 launches.

It runs Windows RT, meaning that existing Windows apps won't run on it. You'll need to buy Metro apps from Windows app store, which are not plenty these days. Bottom line: no editing, no programming tools and only preview of Microsoft Office at this time.

The Windows RT version of the Surface is a consumption device. I feel like the primary use cases are reading, movies, web, e-mail and so on. You'll have to wait for the x86 version of the Surface if you're looking to do graphics editing.