Fair to say the (available) product will see a boost in price, rather than hold-the-line - deleting the less-expensive models that made the product popular in the first place.
That said, the products my local Apple Store have available includes the 'inexpensive' Neo (512) at $CDN999, or similarly, the Mini (512) at $CDN1099. But then, now that the base MacBook Air (once the inexpensive de facto Mac for students, road warriors and cafe habitues) now costs $CDN1499, I guess they are cheap.
ADDENDUM: Base MacBook Air now $CDN1799. Pricier than the last base Macbook (which no longer exists) and a far cry from it's original price (or even just a couple of years ago).