Apple getting ready for 'product transition' | One More Thing - CNET News.com

This class of device is inevitable; the key question, at this point, is whether Apple will get there first

One scenario that was not addressed by any of the initial questions from the financial community was that involving a brand-new product. There has been lots of speculation over the past year or so that Apple has a minitablet/UMPC/MID type device in the works that would take the Cocoa Touch interface found in the iPhone to a larger screen. But that has always seemed like a more far-fetched notion, given all that Apple has had on its plate this year.

Apple getting ready for 'product transition' | One More Thing - CNET News.com