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This iPad should be priced similarly, making the iPod seem grossly expensive.

Not necessarily...The iPod Touch starts at $299 for 32GB and $399 for 64GB, so a 16GB iPad mini for $299, 32GB for $399 and 64GB for $499 sounds pretty reasonable...That would put the highest spec iPad mini at the same price point of the lowest iPad 3. Perhaps a $399, $499, $599 model would make more sense then on second thought, the newer mini would match the price of an iPad 2. In either case, I think these prices are totally reasonable
 
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