A fun data point to help think about the reasonableness of the iPad Mini's pricing. The original iPod Mini (4GB, 1.67 inch grayscale 138x110 screen, 8 hour battery life, 3.6 oz) was sold through February 2005 for $249(!). And people bought it like crazy. It was expensive but people found a way to justify its purchase. I suspect plenty of people will find a way to justify the purchase of the iPad Mini.