When I read rumours that Apple would kill 9.7 with the 10.5, I immediately bought a second hand 9.7 for 550. I am nervous 10.5 will have same app compatibility issues as 12.9. Few apps support iPad Pro 12.9 resolution versus 9.7. And, as you stated, it is larger and heavier. I've been debating if I made the right choice with 9.7 and I think I did.
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I have a 9.7 and rarely multi task. I don't get how people are multi tasking on a screen smaller than 11 inches... I barely like to do that on 13" rMBP