Figures that they do this the day after MPU releases the iPad episode.
So, the new 10.5” iPad seems to be a hybrid of the 10.5” Pro and the most recent 9.7” iPad. It takes the screen size and Smart Keyboard support from the Pro, but drops a lot of the other features that distinguished the old Pro from the vanilla iPad (Pro Motion, quad speakers). It also helps close the big price gap between the consumer iPad and the iPad Pro.
The new mini is interesting. While it was rumored for a while, Pencil support is unexpected. It would make a very interesting notetaking device. I just wish it was compatible with the Apple Pencil 2 rather than the old Pencil.