No way. Tablets and phones (and anything portable, for that matter) benefit from being light and thin.
I would gladly pay another $30 extra to make it even thinner and lighter.
I would gladly pay another $70 extra if Apple had given us a retina display & A6X.
iPad mini retina with A6X ($100 less for a shrunken version of the iPad 4)
16GB - $399/349
32GB - $499/449
64GB - $599/549
Maybe Apple just needed to test the waters with the A5/non-retina mini (as well as LG panels) and next year we get the real deal.
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