Steve Jobs is a Billionaire...

And because Steve Jobs is a Billionaire, he thinks with a billionaire's wallet. See this:

Steve Jobs suggests a compromise: “I think that one of the biggest customers for the mini is going to be current owners buying a second iPod. They’re going to have both—when I go on a trip I take my whole library with my iPod and when I go to the gym I take the mini.” How’s that for a low-price strategy?

I think that somebody who actually has a concept of an average consumer's budget needs to be Steve's Jester, poking fun at comments like the one quoted above.

I mean, granted, if the iPod mini were $100, I, the current owner of an iPod, would buy a second one for my non-technically minded fiance who would find it cute. But $250 for something less than a 3rd as powerful as the entry level iPod (which also happens to qualify as cute)? No dice...