The only experience I have with the iPad is with Twinspires. You can watch the "old school" video on Twinspires (click on the little yellow camera in Classic or Express), it's the TwinspiresTV that does not work with the iPad (obviously Flash driven).
The only issue I can't seem to overcome is that the video stops when I click back to the Twinspires Express (or Classic) to place a wager. So, when I go back to the video, I have to refresh to get it going again. It would be nice if it kept running in the background while wagering, but that is a minor issue for me.
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