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I think the reason it hasn't been updated is because it goes against SJ's idea about beauty and simplicity. It has so many wires coming out of it and he has never paid it much attention, for example he didn't mention that it got upgraded in the keynote the last time round.

I think it's a great little machine and very nice, but I expect apple's sales figures show that the large majority of people are buying either an iMac or a MB.

As such they don't spend much attention on the mini. I think it will continue on the product line and likely get an upgrade with the next keynote.
 
I personally feel that the Mini and ATV will be superseded by an Apple Home Hub - maybe linked to a fabled wireless Tablet - for central file serving, music/video broadcasting, surfing on the net/emailing via TV etc. etc....
Vanilla
 
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