I spy with my little eye, a smaller ipad?

so if you guys haven't heard, a while back macrumors was reporting that apple is planning a 5.1in and a 7in ipad to go along with the current size, when I first read this, I thought sweet, i'll pick up a 5in in a heart beat. Well at the most recent keynote, this little guy just happens to be sitting on the desk to the left of Mr. Jobs, take a look, as you ca see, there is 1 large(normal sized) ipad, and next to it is a much smaller one it seems