There were a couple of big surprises yesterday at Apple’s iPad mini event. The first was the pricing of the iPad mini itself: while everyone anticipated a $249 or $299 starting price, the iPad mini actually starts at $329… a good $70 higher than devices like the Google Nexus 7.

But there was another surprise. No one heard a peep in the last few months about Apple’s new Fusion Drive, a combination solid state and platter based hard drive that “fuses” the best aspects of flash and traditional hard drive storage.

Those aspects? Solid state drives (or SSDs) over much faster reading and write speed, as well as “instant-on” boot up from sleep or power down. This leads to huge performance boosts all across the Mac. Traditional hard drives, however, have a couple key advantages: they are both cheaper and have more capacity, allowing you to easily store massive media libraries.

So what’s the point of the Fusion Drive? Simple. It’s the best of both worlds: the speed and instant-on of an SSD, with all of the storage space of an HDD. But how does it work?

Just in case you’re not interested in watching the full iPad mini keynote, we’ve compiled the entire thing down into just 90 seconds, like always. Check out the video after the break to see Tim Cook and Phil Schiller announce all of today’s products, at a rapid rate.

The iPad mini is a totally new product for Apple. It represents a beautiful juxtaposition of the iPhone’s 4-inch display and the Retina iPad’s larger 10-inch canvas. While the rest of the industry has already shifted its focus to 7-inch tablets, Apple entered uncharted territory for itself today.

Based on what we’ve seen, the iPad mini looks like a very compelling device. I’m sure Apple will sell bazillions. What I don’t understand is Apple’s pitch for the iPad mini. What purpose does it serve, and what kind of customer is it intended for? There’s no denying that Apple unveiled a great product today, but the purpose of the iPad mini was muddled by a confusing pitch.

Apple Head of Marketing, Phil Schiller, took the stage today and asked a very important question. “What does the iPad mini do that the iPad doesn’t already do?” he wondered aloud.

His answer was only half as good – “It can fit in one hand.” Here at Cult of Mac, however, we think that’s only part of the story. The fact is that Apple’s newest, smallest, thinnest iPad makes a perfect gaming controller.

Saying that it will allow users to use the iPad in places and environments they never could before, the iPad mini is the smallest and lightest device yet.

Phil Schiller just unveiled what the company is calling the “4th gen iPad.” This is essentially an updated version of the third-gen Retina iPad, but for some reason Apple is choosing to give it a new generation name.

The device looks exactly the same, but the internals have been upgraded across the board. Apple has added the A6X chip, more LTE support internationally, and the new Lightning connector. Pricing stays the same. The current Retina iPad will be phased out, and interestingly Apple is keeping the iPad 2 around for a little while longer.

Right after explaining the 4th gen iPad, Apple turned the device around onscreen to reveal the rumored iPad mini. The audience went nuts.

After touting the success of the Mac by calling it the number one desktop and laptop platform in the United States, Tim Cook brought Apple’s Phil Schiller onstage to talk MacBook. Schiller then unveiled the rumored 13-inch MacBook Pro with Retina display. The new laptop is 20% thinner and a pound lighter than the previous 13-inch MacBook Pro.

The 13-inch Retina MacBook Pro leaked several days ago via a Chinese forum. The machine features a HDMI port, USB 3.0, and SD card slot like the 15-inch Retina. It’s awesome, but it will cost you.

The first thing you notice about the 2012 fifth-generation iPod touch is how beautifully it’s made. Crazy thin, ridiculously light, yet sturdy as a slab of slate.

The fit and finish are extraordinary. There are no seams, screws, gaps, cracks or openings. It’s literally seamless. The buttons look like they’re part of the iPod’s case, not nubbins that poke through. Who makes stuff this good? Oh yeah, Apple.

Other reviews have complained about the price (it starts at $300) and some reviewers seem unimpressed by the touch. Who is it for, they wonder? Especially if you already have an iPhone.

Well, it’s for the kids. It’s a kids’ computer. Their first computer, if you like. It’s a relatively cheap, highly portable, extremely capable little handheld computer for children. It plays games, music and movies; surfs the net; communicates via text and Facebook; and hosts a bazillion apps for entertainment or homework. It also displays e-books, though let’s be honest: reading is the last thing it’ll be used for.

But $300 is a lot of money to spend on a kid. Is it worth it?

We just got tipped an email from a reader who emailed Apple VP of Mac Software Engineering Craig Federighi. Cult of Mac reader Stephen Gilbert emailed Federighi about not being able to use fullscreen Mac apps on multiple displays. When you make an app enter fullscreen mode in Lion or Mountain Lion, it will fill one display and blackout your secondary monitor.

For some reason Apple doesn’t allow you to use an app in fullscreen mode while viewing content on another display, and it’s annoying. For instance, entering fullscreen mode for an iTunes movie will make it impossible to use your second display while the video is playing. Not exactly an optimal experience for those who fancy lots of screen real estate.

The iPhone 5 has quickly become Apple’s fastest-selling iPhone of all-time, meaning it’s incredibly difficult to get hold of — even more than three weeks after its launch. And the situation is about to get a lot worse, according to Bloomberg. Apple has had to increase quality-control at Foxconn to prevent damaged devices with nicks and scratches from leaving the factory. As a result, iPhone 5 production rates have dropped.