I seem to be hearing some mixed comments on the new 1299 I mac, while I usually hear strong praise for the 2011 I mac. Apple has them at 979.00 refurb.
The 2012 is 1299.00 for a person whose needs are not huge...(right now have a 2011 mac mini and will keep it) whats your play ?
I download alot of pictures and the usual stuff, email surf net, a few apps.
And what do you personally like or dislike about either ?
I'm assuming you're considering a 21.5" iMac, in which case, I'd totally go with the 2012 model. Of course, the 16GB of RAM and the Fusion Drive CTO upgrades are an absolute must.
My reasoning is that, it seems as though this iMac fixes a lot of the reliability issues that plagued the 2009-2011 iMacs and there's nothing that sucks more than out-of-warranty repair (which on the iMac - Apple's least internally user-accessible computer - is something you'd have to consider). The switch from 3.5" drive to 2.5" drive will be off-set by the use of the Fusion Drive. The 2011 21.5" iMac never officially supported 16GB of RAM let alone 32GB, so your ability to order it with 16GB of RAM is still a good addition (albeit at an annoying price hike). You lose out on FireWire 800 (which you likely won't miss [and if you do, there's an adapter you can buy that brings it back]) and you lose out on the optical drive.
Speaking of the optical drive, those of you who can't live without an optical drive ought to consider getting one of those external full sized 5.25" form-factor tray-load (i.e. same type of optical drive as is used on towers and the Mac Pro). Not only will it be more reliable than the crap Apple used in previous generation iMacs, it will also be cheaper (and thusly cheaper to replace if ever there's a problem), and it will deliver faster performance overall. Yes, that detracts from the all-in-one-ness, but so does the external hard drive you ought to use for Time Machine along with any other external accessory that you'd use one of the four USB ports or two Thunderbolt ports for. Big deal. Frankly, for a desktop, I'd say that's an upgrade over using Apple's piece of crap internal optical drive.
The lack of the audio-in port is irritating, though I can't say that in the last four Macs that I've owned (all of which had one) I've ever used it once. It would be nice if they at least let you use the port for both input and output functionality as had been done on the white unibody MacBooks as well as the non-retina 13" MacBook Pros, but, again, I guess no one used it and if someone badly needs it, there's always a USB adapter to restore that functionality.