It's misleading because it doesn't take into account that the Touch, for $30 less, comes with $100 of extra storage. It makes it sound like the only difference is the physical size of the device. Only listing pricepoints doesn't account for differences in hardware that might account for those price differences.
We'll put it this way, a 16GB Touch would be overpriced at $299, when compared to a $329 16GB Mini, but a 32GB Touch is not overpriced when compared to a 16GB Mini.
Two similarly misleading comparisons:
The iPhone 5 overpriced because you can get a 4S for $100 less.
The regular 15" MBP is overpriced when you can get the 13" rMPB for around $200 less.
i feel like i keep explaining things to people...
does the NEW retina 5th gen ipod touch come in 16gb? NO
sure you can say OLD school 4thgen ipod touch which sells 16gb but that would be stupid to compare it with the NEW iPad mini.
i understand that you get what you pay for.. in this case, better form factor and better quality that's the premium for the mini. storage wise, it's really not a dealbreaker if u catch my drift.