I really like the iPad Mini. 7.9" is absolutely wonderful and would fit my needs exactly. The original iPad was too large and heavy for me, to be honest, because I'd much rather carry my laptop if I'll have to carry something large, whereas the iPad Mini is, of course, much better than a phone and at the same time does everything I'd need to do on a laptop.
The price does make sense, as you pointed out, although the difference between the Wi-Fi and 3G versions in terms of price is kind of a lot and it's making me think which one I should go for. Do I really need 3G/4G when I have Wi-Fi access almost everywhere I go? Our 3G is pretty slow here but at the same time it's nice when I am at the north coast, for instance, and there's no Wi-Fi access anywhere.
I believe I am going to be ordering one very soon, but I'll have to find out how much I'd have to pay for customs and shipping first.
By the way, there's no such thing as a "locked" iPad but there is GSM and CDMA, right?