Agreed. Im in the same boat. I use my ipad 3 for reading, as well as everything else. Why take a step backward? Personally I dont think the retina display issue is over hyped. People seem to forget one crucial thing.
The iPad Mini aint free.
So why pay for an product that has an inferior main feature? Would you buy a Porsche with a dent in it? Just because its a Porsche?
A dent doesn't make sense as a comparison. It is more like buying a Mercedes without heated seats. Unfortunate in some situations, but you get used to it.