Ok, I'll put my hand up to say I was totally wrong about what Apple would charge for the mini, especially given its specs.
I currently have in our family: 2 MacBook pros, 1 MacBook, couple of old iPods, 1 iPod touch and an iPad . I was holding out on the mini announcement before buying a 7 inch tablet.
I'll be honest, I thought it was going to be a tough decision, but with the released specs and pricing for the mini, the decision is the easiest one I have ever had to make. I'll be buying a Nexus 7 32gb for $250.
The sadist thing about this, is that if you read the comments in the stories covering the announcement, everyone thinks the same, this mini is way over priced. If someone like me , who has not bought other than apple for mobile devices can find it an easy decision to now buy a Nexus, imagine what the populous who don't have any preference are going to choose.
Sad day in my opinion, very sad. At least the iPad specs and pricing are competitive in the full size tablet market. The mini isn't even close.