I doubt these new low-cost iPads will use the Pencil 2. The Pencil 2 requires the magnetic connector. That's more costly to manufacture than the current method.My gut says that Apple will ditch the home button and put Apple Pencil 2 support on the new devices.
I think the home button goes away because that would simplify the manufacturing of these things a bit (IMO). Probably won't be replaced with Face ID (as noted)... Maybe an "in screen sensor"?
I think they'll support the Pencil 2 because they'll want that additional $30 in revenue. If the new Pencil 2 was named "Pencil Pro" instead, I'd see them keeping two pencils.
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I agree with this too! Apple's built millions of iPads - I'm sure they're making sure any updates of the 'non-pro' version are less complicated and cheaper to manufacture. Hopefully for us, that translates into slimmer bezels all around... Maybe like the Xr.
And since the 2018 iPad also supports the Logitech Crayon, there are people who will bypass the Pencil 2 to pay less than half for the Crayon which works well (minus pressure sensitivity)
Same goes for Face ID or "in screen sensor"... those are more expensive to produce than the current home button.