if the iPhone 7+ is more compact than the current 6s+, my wife and myself will be dumping our iPads. We are barely using them as is (she has air 2 and I got mini 4). Our older daughter has already transitioned to just iPhone/MacBook (she used to have iPad 3) and we will do the same given that we both have already laptops.
In my opinion the iPads were great when smartphones were still small and the laptops just sucked (size/battery life etc). Now that the smartphones are bigger and even cheap laptops are fairly powerful, compact and offer good battery life, I just cant see how a device like an iPad is all that beneficial or useful. Yes, it has its uses, but as the other two categories improve (smartphones and laptops), the iPad will have tougher and tougher time convincing people that they need one (iPad).