I will most likely do the same. I would compare the iPad Mini to the Mac mini. Simply put it is more than likely for those whom are unable to buy a larger more expensive piece of mac hardware. Which is great for those with a limited budget. In fact I develop my iPhone games currently on the latest Mac Mini!
I'm an iPhone owner with an iPad and a 4 year old boy who has an iPod touch. He always hogs the iPad and rarely touches the iPod. This will make a great Christmas gift. I think that's going to be the big market, children.
Im excited. If it really is true then I will be getting one to use as my in car entertainment. Even plan on getting a in dash mount for it! It's going to be pretty awesome to have all my music, pictures, and videos right there. Plus with iOS 6 turn by turn navigation and flyover it will be even better. I hope it will have LTE and not be stuck on 3g just for costs sake.
So funny how everyones kids plays with their iPad. I'm no exception. I got tired of my 3 year old always wanting to play her games on my iPhone so we bought a "family" iPad. That what we call it but it's really hers, lol. She uses it 95% of the time anyway, LoL. It's amazing how good she is with it, too.