NEXUS 7
For the Win.
$199 and more capable than ANY iOS crap
"More capable" based on what evidence? Having more storage and having more capability are two entirely different creatures. You could just as easily argue that having a 40% smaller screen alone would make the Nexus Android "crap" less capable, or that the lack of tablet-specific apps (don't worry, I know that Android apps are generally not classified as tablet-specific because for the most part they scale well to a 7" screen, but since you are declaring a victory based on one spec alone, turnabout is fair play).
FWIW, I do think the Nexus 7 is a good device for the money, and its price and apparent storage bump will make it even more attractive (I suspect this is an attempt to pre-empt whatever Apple may announce). But your above statement is the same sort of fanboyism that Apple fans on this forum are often accused of, considering that the specs of the iPad Mini are not even known yet, nor is the price.
I think Apple may actually be more aggressive with the price of the iPad Mini than it typically is, because it is entering this particular segment of the market later than some competitors, and it is not introducing any revolutionary new concept or form factor. Apple's guidance for this quarter was for a lower than usual gross margin, which could well be because of the iPad Mini. Some had suggested that the main reason for the reduced margin was the iPhone 5, but from what I have read, Apple still has an incredibly high margin on that phone.
I'm hoping that Apple will introduce the iPad Mini for $249 with 8 GB of storage, which with its larger screen and typical Apple fit and finish will not look too bad overall compared to the Nexus (although you can be sure that Google will tout its higher storage capacity and lower price). Of course, iPad buyers wanting to get the most out of their devices would probably be well advised to buy a model with more storage, and the up-sell could help boost Apple's margins closer to their usual level, with prices around $349 for 16 GB and $449 for 32 GB.