I see your point. However, at this point in time I really think feature sets are becoming less of the equation. Personally, I have never owned a Tablet until purchasing my Mini a few weeks ago.
The Kindle Fire is Android in a Amazon bubble. The Nexus 7 is nice, but is cheaply constructed. Neither company makes money on there 2 products.
Now, I'll admit I'm Apple bias. However I own Samsung LED TV's and Blue Ray (and still spend 95% of my time streaming HD).
The mini is honestly perfect the way it is. HD on a 7.9" is nice, but it was in no way a deal breaker for those I know with the mini. Myself included.
The mini feels like no other small tablet. The extra space with 7.9" has an amazing effect in usability, IMO. It's plenty fast, has amazing battery duration on the Wi-Fi model (ours), and a very nice display. You also join the Eco-System. That is what is driving Apples products. The Eco-System.
I've always been hesitant about Tablets. I'm a desktop person who takes a notebook to work because the MP is too heavy.
This iPad mini has completely change the way I look at gathering information, and communicating. The size, materials, and construction are perfect, and people feel, and experience that.
IMO, the mini could be a problem for the iPad 4 until the new super thin and light 5 10" (?) is out next year.
Eddy deserves all the credit for this one. Well done. The end of January call will be amazing.