Apple's new iPad Mini is here, with all the attendant fawning. But strip away the smaller size, and what is it really? A tiny little iPad 2.
Let's start with guts. The Mini runs on an A5 chip—the same one that's in the iPad 2. The major upgrade to the A5 chip in this year's iPad (the A5X was sold as a graphical update at the time). That's a full three generations back now, with the A6X out now. This is almost certainly the same chip design that was die-shrunk in the upgraded iPad 2.
In all likelihood, the Mini has the same 512MB of RAM as the iPad 2 as well. A few reasons there. For one, it doesn't have retina-level numbers of pixels to push. But then remember that the die-shrunk A5 that it's using has never been paired with anything but 512MB of RAM.
You'll be hearing plenty more about the screen, but for now, it's 162.03 PPI, at 7.9 inches and 1024 x 768. We'll let you know how it stands up to the Kindle Fire HD's 1280 x 800 (216 PPI) screen as we find out more about it. For reference, the iPad 2 was 132 PPI, and the 2012 iPad is 264 PPI.