Well, for me, the answer is "yes and no".
Now it was only just announced, so obviously I haven't touched or used the device, but the first question I had when the initial rumors started dropping (months ago) waswhat would I have to give up to fit this into my current tech eco-system? If I did get it, what would I change? I'd definitely relinquish my old iPad to Gazelle, as there truly would be no need for two tablets. I figured it would be at least as powerful as my iPhone5 or the 3rd gen iPad and it'd also presumably be thinner and lighter, also two huge bonuses!
In fact, about the only thing that would stop me from buying one honestly was the screen. And by this don't mean the issue of compromised screen real estate, which has never been an issue for me (I've actually written happily on my iPhone on numerous occasions). But the resolution? Screen resolution would definitely be a deal-breaker for me. Put simply, Apple's "Retina" display technology that was released with the iPhone4 has completely and utterly spoiled me. So much so, that it's a genuine distraction to use other devices of lesser quality.
So naturally, when the rumor mill started churning out tidbits of how the new iPad Mini was was going to have the same screen as the trusty old iPad2, I had my concerns. This rumor of course turned out to be true, as well as the hardware being less robust than the third gen iPad 3. Take away the finish and the new iPad Mini is basically a smaller iPad 2.
Which, to this unabashed Apple enthusiast, was a completely missed opportunity.
While it's always amazing to me how Apple continues shrink it devices into smaller and thinner form factors making them more and more beautiful, aesthetics can only go so far. Eventually people notice when they can spend a little more to get a little more.
So when they dropped the price during the presentation (50 bucks less than the iPad 2), the deal was sealed for me. I'd crossed that line between "interested" to, "I just don't want it". Which is a shame really, because I could definitely see the use of a smaller, lighter, retina display equipped, same-internals-as-the-iPhone5, based iPad in my life. For travel it'd be a dream. The screen would still be an excellent size for everything I do on my iPad now and I absolutely wouldn't have seen it as compromise on any level.
But I'm clearly not the demographic they are trying to sell this to and that is absolutely, positively fair. I'll continue to wait it out until they have what I'm hoping for. I'm sure it's in the works. I can be patient. In fact, I predict that at this time next year? The iPad2 will be gone, the iPad mini will take it's place and it will stand proud next to the full-sized iPad, retina display and all! You heard it here first people (trust me, I am not the first to make that prediction)! :)
In closing, I guess what I find the most interesting about today's announcement is that, for me anyways, Apple actually shot for the lowest common denominator, which isn't typical for them. No one can drum up prelim excitement like Apple can and this incoming announcement had the community at a fever pitch. Which leaves me wondering how everyone will feel after the dust settles and the "new product announcement" high wears off.
My guess is that, while they'll think it's a beautiful product (and it is), they'll be waiting to pull the trigger just like me.
Pics linked from apple.com