Guess the same holds true for the iPhone – it is a device that had plenty of hype (and delivered), hence resulting in rumors of a smaller version to keep in sync with the iPod line up. The iPad nano rumor mill has already started to spin, with word on a Q1 release next year that is somewhere between 5″ and 7″ where its size is concerned, alongside a price tag that won’t surpass the $400 mark. Meant for folks who don’t want to input a whole bunch of text, what do you make of this rumor? Does it have any legitimate legs?