Bloomberg’s Peter Burrows and Adam Satariano report that Apple is planning on releasing a smaller iPad by year-end. They also report that it will not have a retina display, supporting speculation it will use the original iPad’s 1024 x 768 screen.
Joel Bernstein argues that if the screen is 7.8 inches and is 1024 x 768, it will not require iPad applications to be redesigned for the device. His argument is convincing and you should read it.