I went to pick up some ink at office Depot today, and I got a chance to play around with the new Nexus 7. That screen - gorgeous. If the iPad mini fails to have a Retina screen, I will be disappointed. The thought actually crossed my mind to pick one up. I especially liked it's longer form factor- if felt great to use in landscape. I ultimately decided not to buy the N7, hoping Apple would bring a Retina screen to the mini. If they don't, I probably still won't get the N7 because of the lack of tablet specific apps, but I'll surely miss that display!
If i were you I would not do that. I purchased a N7.2 a few months ago and after about a couple weeks of extensive use, I still chose to return it.
Cons/Deal breakers for me:
* Screen aspect ratio is terrible for web pages.
* touch response at the time was not as accurate compared to an iPad 2!
* GPS problems (at the time, fixed now)
* lack of polished apps, terrible selection
* battery life was ok at best, nothing too bad, but not as good as an iPad mini
* Browser speed even with compression on, still slower than an iPad 4 with iOS 7 - just not optimized even with QUAD CORE proc!
* PDF viewing is terrible; it's SLOOOOW on rendering the PDF pages. Definitely a deal breaker for me.
Pros:
* an android device that has zero to no lag!
* astonishingly great screen resolution and color quality!
* great aspect ration for 16:9 movies even 16:10 screen AR; youtube is awesome
* thinner than an iPad mini
* android 4.3: just a wonderful and powerful computing platform
* VPN that STAYS connected!
* wonderful keyboard and touch screen editing vs crappy apple's keyboard
* the multitasking is wonderful with a single button press/swipe
* the build quality is some kind of rubbery grip on the back, it's not as premium as aluminum but the PRICE is what is so good about it!
At the end of the weeks, i just didn't like the device for web browsing and PDF browsing which I intend to use the device for. I still went back to my ipad 4 and man, the browser is so much faster and funny thing is it's faster even without google's compression enabled.
Overall, the new iPad 5/ipad mini 2 will just smoke the nexus 7. Sure it's more expensive but you're gonna be getting way better performance. Even my iPhone 5 browser on iOS 7 smokes the nexus 7.2
Apple really does know how to optimize their performance on these tablets. The sheer amount of quality TABLET apps is just astonishing vs any android/windows tablet. That is the ultimate deal breaker really, there are just not enough good apps on android tablets.