With many reports coming in last week according to 9to5Mac, we have a little bit more knowledge of Apple’s upcoming plans on the new iPad Mini. The recurring theme that everyone is ranting about now is how it will “look like a big iPod Touch.”

This makes a lot of sense for Apple to make this device as you have the Nexus 7, Kindle Fire, Galaxy Tab7, etc.). There is no reason that Apple shouldn’t produce a purse size device such as the iPad Mini for users who do not want to spend $499 on a larger iPad.

Will it have cameras? We think it will have a front facing camera for video conferencing and taking self portraits.

At $299, Apple will sell a whole cargo ship load of these. If they can get this price down to $200, then they have just made product launch history.

Will you purchase the Apple iPad Mini?