I think the "iPad Mini" is actually going to be an iPhone/iTouch XL, or at least priced at $299. They have the iPad 3 at $499, the iPad 2 at $399, then the 4S at $199, 4 at $99 and 3Gs mainly free. The only missing price point is $299. Apple likes putting things at the price point to get upgraded, "Well, I'm already spending $399 on an iPad 2, $100 more for an iPad 3" and so on. Furthermore, the iPad 1 isn't getting iOS 6 for unknown reasons but it's basically the same as the 3Gs but with more RAM, and the 3Gs is getting iOS 6. My rationale for this is that they want a device at $299, and this would be in the middle, and they won't be getting rid of the 3Gs this cycle. I might be crazy, but it's just a thought.