7 Reasons You Shouldn't Buy Apple's iPad Mini Retina (list)

At yesterday's Apple Event, one of the most anticipated updates happened to be kind of a letdown. Now granted, the iPod, iPhone and iPad, when first introduced, were blue-moon types of products... meaning, you only see these type of galvanizing gizmos once in a great while. During the second coming of Steve Jobs the company may have been on an innovative streak, but behind the scenes the main focus has always been to perfect the products over the long. Each incremental update is actually a major step forward for making their laptop, desktop and mobile computers closer to absolute perfection.

Nevertheless, we live in a fast-forward culture and the excitement and hype over new product announcements can be deafening. Now that hoopla over the Apple event has died down, it's worth taking a closer look at the iPad Mini with Retina Display.

While it received the most obvious upgrades that consumers and Apple analysts have been clamoring for- the iPad Mini upgrade comes with the new 64-bit A7 processor (and M7 co-processor), and Retina Display (finally!) -it managed to inspire yawns, which led me to think of several reasons to shun the iPad Mini with Retina Display (which we'll call the Mini 2 for brevity's sake).

1. NO CAMERA UPGRADE

I had thought that Apple might offer a significant upgrade of the iPad line's camera, at the very least on the Mini 2 which is easier to tote around, but instead of an 8MP iSight camera, bigger pixels and a larger aperture the Mini 2 keeps the specs of the previous camera: 5 MP backside iSight and 1.2 MP front facing FaceTime HD.

Granted, the Mini still beats most small tablet competitors. For instance, the Kindle Fire finally comes with a camera, but it's only a front facing HD (probably 2MP at most) camera meant for video chats. The smaller Samsung and Google tablets also sport either the same specs as the Mini 2 or worse. Nevertheless, the lack of better camera specs is a big strike against the Mini 2.

2. STILL NO LED FLASH 3. TOUCH ID? NOT YET 4. WIFI AC IS MISSING 5. MULTIPLE ACCOUNTS WOULD BE NICE 6. APPLE STILL HATES NFC 7. OVERPRICED

For $399 you get 16GB of storage (Wi-Fi only), from there it's $499 for 32GB, $599 for 64GB, and $699 for a whopping 128GB of onboard storage.

Mini 2s that can handle data plans begin at $529 for 16GB, while it's $629 for 32GB, $729 for 64GB, and $829 for 128GB.

Ouch, that's a lot of dough! Of course, you can pick up the original iPad Mini from Apple for only $299 which is still higher than the competition, but does make for a nice entry-level iPad Mini.