Despite the recent refresh to Core 2 Duo, the Mini got no love from Jobs during the press event. Further, it’s not a great value proposition on specs (comparing it to the iMac for example).
However, it’s an awesome form factor, and a real temptation for someone wanting to get into the Mac clan who (like me) already has a nice flat panel monitor.
So, if they could boost performance a bit (better graphics card, maybe 7200rpm HDD) and drop the price maybe 15%, I think they’d get a ton of converts. (Oh, and access to memory and the HDD from outside, say like the way you can with most laptops, would be very nice.)
This is the time to kick MS in the nuts (while Vista is on everyones poo-poo list). Offer this as a gateway drug!