Bullet points happen to the best, even Steve Jobs uses them. See the slide below from the iPad 2 launch presentation (thank you Engadget).

The good:
  • They are short
  • They do not have a bullet in front of them
  • He has them pop up as he speaks, so you can't read ahead (good here, but not recommended for all presentations though)
The bad:
  • The "volume" orphan at the bottom
  • All those "dual core", "2x", "9x", "CPU" makes it a bit hard to read
  • You can see Steve Jobs looking down, pausing to read them off a screen
What do you think of this alternative?

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