The iPad Mini is probably dead. Perhaps, like the Mac Mini—which is supposedly being resurrected—we’ll see something similar. I have my doubts though. The new iphones are almost as big as the Mini. I don’t think Apple wants a $300-$400 tablet taking away marketshare from it’s new $1,200 phone.
It’s a shame. I travel often for work and the Mini 4 fits away so easily. I haven’t seen the performance degrade too much, but your iPad is much older than mine.
If I were you, I’d probably grab one of the new iPad Pros—whenever they are announced. It may be a little lighter, it may not. If Apple decides to update the Mini line you can always sell the Pro and move back to the Mini.
And hey, you might like the Pro. Look at Apple’s website. The other iPads aren’t terribly different in size. Well, except for the 12.9-inch pro.

