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.