AllThingsD is reporting today that Apple will hold an event on October 23rd to reveal their smaller, lighter iPad. AllThingsD has a very reliable track record when it comes to Apple event rumors.

The veracity of this report was all but confirmed by a subsequent Jim Dalrymple 'Yep'.

I can't wait to hold the device in person and see how aggressive Apple is with their pricing. My best guess is prices will start at $249 and climb upwards from there.