I don't get why people are screaming about $30. So if it was $299 it would then not be overpriced? I would prefer it be a retina display, but at 7.9", it's not possible just yet. So 1024x768 was the right move for compatibility sake. And compared to the Nexus 7, it's just no contest, the mini takes it. The Nexus 7 looked archaic when compared side-by-side with the mini.
So long story short, $299, $329, the difference is not a deal breaker and no way would I call it "overpriced." It's priced perfectly. Why? Because that's exactly the price people will pay. Anything less and you throw away potential profit.