I've checked out the Macbook Air at the Apple Store a few times and I'm so close to just selling my i5 MBP for a fully spec out 13" Air. I like the idea of having such a light and still powerful system for web and ios development. From the sounds of it I wouldn't be giving up to much going with the Air over the MBP.
That's exactly what I did, and I couldn't be happier. It's so light that I find myself checking my laptop bag just to see if it's still in there. I went with the highest-end 13" configuration so I didn't lose any performance in the transition, and haven't noticed any discernible difference in "real world" use.
Otherwise I think it a great machine.