Sounds like it will use a standard cheap $18 or so Intel Atom design, like those $100 Windows tablets.
With the iPad in severe decline this is the future so it will be priced exactly the same as the Air 2 which itself will reduce in price.
I suppose this could be a red herring in that people want to go back to keyboards and this was meant to be a 12" iPad !
A 12" iPad with a keyboard then running Apple's Arm chips ?
I give it 50/50 either way as to being ARM or Intel. A...