Maybe it will be called iHedge – and ship around the same time as a multi-tasking, Android-based Kindle++
If Apple introduces a 3rd form factor to its iOS devices, it won’t be called an iPad Mini, and iPod XL or anything similar. Jobs ranted against a smaller iPad, so he’d never introduce one. What he would do, however, is introduce a device that ignores the other two.
The name? Call it an iReader (except that might be trademarked, so Apple will likely go a different route).
Our speculation is that Apple is going to introduce a mid-sized device that is specifically targeted at reading. Sure, it would still run iOS and you could use all of the iPod Touch apps on it (they’d likely even look better than they do on the iPad, due to lowered upscaling) but the main purpose of the device would be as a reader.