Despite the unprecedented hype, analysts aren't expecting the Nano to rev up India's slowing car market anytime soon.

FORBES: Market Scan

Overall, the new nano isn't quite the visually arresting device that the latest iPod touch is, but that's at least in part because it's so much smaller -- it's harder to appreciate the design features.

ENGADGET: iPod nano review (2012)

It didn't change the price of the Nano minicar.

WSJ: Tata Motors Cuts Car Prices; SUVs to Cost More

First, the screen size: while the flash Zune's 1.8-inch screen isn't all that much smaller than the nano's 2-incher, when you're watching video on a screen this small every fraction of an inch counts.

ENGADGET: New Zune review (part 2): upgrade, hardware, software and Social

Of course, for this incredible price the Nano is bound to have compromises but the brilliance of this car lies in the way Tata has finely judged exactly what Nano buyers expect and what they don't.

BBC: Nano: Triumph of Indian ingenuity

Put it in your pocket, even the tiny fifth pocket that Steve Jobs famously pulled the original nano from back in 2006, and you absolutely won't be able to tell it's there.

ENGADGET: iPod nano review (2012)

But Jobs hasn't been afraid to mess with his winners, replacing the hot-selling iPod Mini with the iPod Nano in September 2005, less than two years after Apple introduced the Mini.

FORBES: The Next iPod