9to5Mac: Smaller iPad to Start at $329

9to5Mac: Smaller iPad to Start at $329:

Apple’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. 

(Via Daring Fireball)

If that’s correct (and Gurman has good sources), it’s high. That’s not to say they won’t sell by the barrow-load, but not getting under $300 is painful.

Also worth noting: that price would translate in the UK to between £249-£279, making it quite a bit more expensive than the competing Nexus 7 or Kindle Fire.