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Did you even read the linked article?
Yes it only says that it has a 4 inch screen,it doesn't say it has the same hardware as the s3...so where did you guys get that it has the same hardware as the s3?
Well that was fast - the Samsung I8190 Galaxy S III mini leaked in full before tomorrow's official announcement. These specs are not official so they might be inaccurate, but they look right for a 4" Samsung Galaxy S III mini device.
The screen is 4" big (which we already knew) and it's a Super AMOLED unit of WVGA resolution (so likely the same screen as on the original Galaxy S). The phone is powered by a ST-Ericsson U8420 chipset with a dual-core CPU clocked at 1GHz and 1GB RAM.
The Samsung Galaxy S III mini will launch with Android 4.1 Jelly Bean with Samsung's traditional TouchWiz customizations on top. The main camera will be a 5MP unit with LED flash and there will be a front-facing VGA camera, though there's no info on the video recording (fingers crossed for 1080p, but it might be 720p too).
On the connectivity side we have quad-band 2G and tri-band 3G with 14.4Mbps HSDPA and 5.76 HSUPA, dual-band Wi-Fi a/b/g/n, DLNA, Bluetooth 4.0, optional NFC and a microUSB port. The built-in storage is set at 16GB, expandable with a microSD card.
The Galaxy S III mini will measure 121.6 x 63 x 9.9 mm and will have a plastic exterior that looks like the Galaxy S Duos (a small S III/Note II lookalike). The weight was not included in the leaked specs. The battery inside it will have 1500mAh capacity.
The pricing info puts the Samsung Galaxy S III mini at €400 ($515), which isn't much less than a full-sized Galaxy S III. We'll wait for the official pricing info during tomorrow's official unveiling.
From various articles on the internet. And unlike this article states, the S3 mini is not an entry level phone.
No one said it had to be an Iphone5 killer, including Samsung. No doubt they are just looking to fill a gap in their own market.