iPad mini rumors reiterated by The New York Times

We all know that the so-called iPad mini is still a device existent only in the world of rumors and speculations. But after each new leak in support of its existence, the possibility of the tablet getting announced sooner than later grows higher and higher.
The latest media to confirm that Apple is working on a smaller iPad is The New York Times. Reportedly, this iPad mini will have a 7.85-inch screen, just like what we've heard many times so far, and will retail at a price considerably lower than the $499 that a new iPad starts at. The report comes two weeks after the Wall Street Journal and Bloomberg were tipped that Apple has an iPad mini on its agenda. For obvious reasons, none of the medias have disclosed the identity of their sources.