If the rumor-mill is correct, Apple looks to be releasing an iPad Mini in September (along with the next generation iPhone and iOS 6). Following the Mac OS X Mountain Lion tighter-integration iCloud-centric release… whenever their latest hardware updates debut, they will clearly be focused on new features, functionality and ever-tighter control of the end-to-end computing experience (akin to what the firm once used to rail against Microsoft about!)
(Source) Extreme Tech: http://goo.gl/M97t4