iPad-Mini Spotted in Taiwan?

Throughout 2010 we’ve heard plenty of rumors about Apple coming out with a smaller version of the iPad, one that would bring us a 7-inch tablet in 2011.
But, we also heard Steve Jobs referring to the current 7-inch tablets as devices that will be DOA (Dead on Arrival) due to being too small, which would force their manufacturers to increase the size in 2011.
However, the iPad-Mini rumor just refuses to die, and the rumors will start to go rampant once again after this recent picture from Taiwan.
A famous Taiwanese celebrity, Jimmy Lin, who is a race car driver is claiming to have a prototype of an iPad-Mini. The picture above shows Jimmy Lin looking quite confident holding a regular size iPad, and what he claims is a new prototype of the next generation iPad-Mini.
Is it real? Well, there is zero evidence that an iPad-Mini indeed exists. Apple guards upcoming products very carefully from the general public. The picture above is not clear enough to really determine if indeed an iPad-Mini prototype has been released.
For now, we will say this is a fake. But, only time will tell if Apple decides to venture into the 7-inch tablet market at all. Steve Jobs has indicated that would not be a smart move for Apple. What do you think? Would you buy a smaller version of the iPad?