Rumors have spread that Apple is developing an iPad that would be half the size of the classic one and with the same functionality, even though nothing has been officially confirmed yet.
Same rumors say it is supposed to be launched in November 2012 and offers even 'leaked' pictures of the prototype.
I personally think this is more the result of a desire by the iPad fans that would love to have a more handy device for a better price than a real project. However let's see if Apple takes note of the request and creates a reduced size iPad, that could even become a competitor of the Samsung Note.