guess its my accent, well I am from Yorkshire. It basically means "around University"
You know a hinder of sales isn't a good thing right? Pricing would be crucial on an item like this. If its priced similar to an iPad 3 many consumers may think "Hey I could get the larger and faster iPad 3 for not much more money" and if its priced similar to an iPod Touch. The basic iPod touch being £249, Sales of the Touch could be hindered. I reckon most peoples budget for a 7'' tablet would be in the region of £250-£300. People many may think "Hey I can get a small tablet computer for not much more than a tiny little iPod Touch".
Like the Apple Television thats yet to be released I would say I'm 70% certain that an iPad mini isn't meant to be, but thats just my opinion. We shall see.
Basically I try and disagree with these analysts as they are usually wrong anyway and the direct opposite involving Apple happens