It seems like the logical price for iPad mini was $299, but apple painted themselves into a corner with the overpriced touch at $299. Any sane person would grab a iPad mini for the same price as the touch.
To be fair, http://store.apple.com/us/browse/home/shop_ipod
16GB iPod touch - $199
16GB iPad mini - $329
32GB iPod touch - $299
32GB iPad mini - $429
64GB iPod touch - $399
64GB iPad mini - $529
The current gen iPod touch starts at 32GB and costs $299? Are you referring to the last gen? I don't see a 16GB $199 option on the latest iPod touch.
They also have this one in the Apple store. Just on a different page.
http://store.apple.com/us/browse/home/shop_ipod/family/ipod_touch_4thgeneration
It seems like the logical price for iPad mini was $299, but apple painted themselves into a corner with the overpriced touch at $299. Any sane person would grab a iPad mini for the same price as the touch.
That's the previous gen though: A4 vs A5 cpu, 720p vs 1080p video, 2.4ghz wireless n vs 5ghz, no Siri (I don't know if iOS 6 added or not, but the product comparison page doesn't list it), 3.5" vs 4" screen, and Bluetooth 2.1 vs 4.0. There are numerous hardware differences between the mini and 4th gen, but it looks like the 5th gen and mini compare pretty closely on hardware.
I think the idea was to compare a similarly equipped iPod with the mini. So I can see the price comparisons between the 5th gen iPod touch and the mini, but not the 4th gen.