iPod touch is due for major upgrade. the size of the iPod touch usually follows the iPhone, so you would assume they will come out with an 5.5 iPod touch.
5.5" is definitely still firmly within phone territory. I've used a Note 3 for a bit and while it was definitely huge, it and those in its class are definitely not tablet replacements.
I have a Note 3 as well but it was very interesting to see Apple utilize the screen space more compared to the 4.7" model. If the 5.5" iPhone receives "phablet" optimized apps that take full advantage of the screen size it may win me over. Apple could reinvent the "phablet".
iPad mini and a possible iPod touch 5.5 inch, would be two totally different things. 5.5 and 7.9 doesn't seem like a lot, but trust me, it's a big difference.
I have a Note 3 as well but it was very interesting to see Apple utilize the screen space more compared to the 4.7" model. If the 5.5" iPhone receives "phablet" optimized apps that take full advantage of the screen size it may win me over. Apple could reinvent the "phablet".