The Mini will probably be kept around like the iPad 2 for years and just not updated. In fact, I can see them taking out the higher storage tiers and just make it an entry level iPad. It will improve profits using older tech and minimum specs but at old prices using Apple's profit margin concepts.
Sad, but could very well be. It's the new iPod touch![]()
I don't know if I can dig it up again, but I posted some figures a while back that showed that the Mini models (2 & 4) outsold the 9.7" models (Air and Air 2) last holiday season. Just because the Mini doesn't have the best specs doesn't mean that Apple is abandoning it.