Ok, Apple is now officially acknowledging that it's a greedy money hungry company. I'm sorry but if you pay 329 for a 16GB mini you've either got more money than common sense or are a complete moron. That's friggin rediculous. WOW!
Ok here is my personal take on the situation. All of those people complaining about the iPad Mini's specs need to get a reality check. Look, most of you have NO CLUE about the technical aspects and ability of the core components. You just go on whatever numbers apple puts up on display and tells you the name of the component. The iPad mini in reality is a VERY VERY CAPABLE DEVICE, especially with the number of App's available in the app store (second to none). The fact that something that can fit in the palm of your hand and can run essentially all 275K apps in the app store that are available is really amazing. And seriously WHAT is the point in increasing the pixel resolution on a 7.9" device? The human eye can't even distinguish the difference. They have increased the number of pixels in an iPad 2 into 7" iPad Mini. Furthermore, why are people complaining oh its not up to the resolution of a Google Nexus 7 or a Kindle Fire HD? Does it really really matter? This is meant to be a carry EVERYWHERE device with great battery life. Things that you take EVERYWHERE don't need to have the best screen or best processor available.
If you put into perspective how often you carry around your full sized iPad vs. iPhone vs. (how often you will carry your) iPad Mini you will notice that the iPad Mini comes much closer to your cellphone in terms of useability. Do you realize how clunky an iPad is? You can't really put it in average sized coat/jacket pockets it needs it's own specific case/bag (even more clunky). This thing is overpriced I do agree, but what makes it amazing is its compatibility with the Apple Ecosystem.