If you buy an iPad with a lower res then the Nexus 7 and the Fire HD and with 8GB of storage for £200, more fool you! 8GB is NOTHING, once you start loading those apps up...
Anyway it's BS IMO, like the rumours about the leaked inventory pricing! NO ONE OUTSIDE OF APPLE KNOWS HOW MUCH THE IPAD MINI COSTS!
But if they sell an iPad with that lower res screen and 8GB, man it won't be worth it. For one the Fire HD can more then match the iPad in quality terms, and will have a better screen and speakers.
Apple would be heavily relying on it's name and reputation for sales rather then specs.
And as it is, it's now Tuesday and where are these supposed press invitations for the supposed press launch event for next Tuesday? So that's 7 day's and NO invitations...