The possible release of the iPad mini is one of those rumours that just won’t go away. The latest such rumblings come from Chinese tech site MyDrivers, where ‘anonymous sources’ claim that the 7.85 inch iPad mini will feature Sharp’s IGZO display and retail for under $300. As Wired points out, IGZO is a new and improved manufacturing process that makes displays “thinner, higher in contrast, and less power-hungry than current display technology”. It is worth noting that this technology was rumoured to replace the IPS screens on the new iPad, but this turned out to be false. The report also says that the smaller iPad will be as thin as the iPad 2, have a resolution of 330 pixels per inch and 8GB capacity, which will go for between $250-299. There is no mention of release dates, though a previous report from net portal NetEase claimed that the iPad mini will be launched in the 3rd quarter of 2012. With the recent release of the Google Nexus 7 (among a bevy of other 7″ android tablets), it’s not surprising that Apple reportedly have plans to introduce a more cost effective and portable iPad.