They should have done that regardless of the "economic crisis". The Mini is not worth $599.00 no matter how you slice it.
The sad truth is that it IS worth $600 since it's made out of compact and uniquely manufactured laptop parts.
If it was made out of common place desktop mobos and CPUs/GPUs then it would either be larger, upgradeable, and faster @ $600 (worth it), or much like the iMac with a hybrid of parts at a more reasonable price.
To me, I don't mind the mini, it's nice, but Apple took the screen and battery out of a $400 laptop and charged us $200 to do it.