According to Mark Gurman of 9to5Mac, who has an excellent track record when it comes to retail pricing:
Source 9to5MacApple’s entry price for its upcoming smaller iPad is between the base model of the new, fifth-generation iPod touch ($299) and the currently shipping WiFi-only 16GB iPad 2 ($399). According to our sources, the base model of the smaller iPad will likely be priced at a minimum of $329 in the United States.
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