iPad Rumor: Apple Plans Smaller, Cheaper Version

Two developments today for iPad devotees:

• Apple is rumored to be working on a 5- to 7-inch version for early 2011, reports DigiTimes. The smaller iPad would reportedly sell for under $400, with customers who need it more for reading than typing as the main target.
• Apple has sold 450,000 iPads since they went on sale Saturday, lower than some leading industry analysts had forecast, reports VentureBeat. More than 3.5 million apps have been downloaded.