There have been some major revelations over the past couple of weeks with regards to the purported "iPad Mini" device, and the consensus seems to be that it will look and feel somewhat closer to a larger iPod touch than it will a smaller iPad. Said to be releasing later on this year after the Cupertino's next smartphone - dubbed the "iPhone 5," it will not only be a great deal smaller than the 9.7-inch display of the main Apple slab, but it is also set to be a great deal cheaper than even the superseded iPad 2.