Yes TIS, it's basically like a larger iPhone without the phone capabilities. Downside? The screen's not great for reading outside (which I don't do anyway so it's not a problem for me). The price tag is hefty for some. However, if you were interested in getting the original iPad mini, they've gone down in price now to $299. You can get them WiFi only (which I have) or with cellular connections but that'll run you extra every month for the plans.

Your best bet: window shop. Go into your local Best Buy/Target/Wal-Mart and try it out. See how it feels and if it's something you want to invest the money in.