Maybe not a price drop but a storage increase to 32GB as a base model?
I don't remember there being many iPad Mini 3 rumors before its release (besides the addition of Touch-ID), so it's possible that there be an iPad Air 3 with the new rose gold color and another feature that sets it apart from the iPad Air 2, much like Touch-ID in the iPad Mini 3. Then everybody will complain about how it's a ripoff, much like what happened with the iPad Mini 3.
It's hard to believe that there will be no iPad Air 3 this year, since they have updated the iPad at least once a year.