Double the cores and more RAM helps for sure.Great score but that base Mini isn't gonna handle my app development, VM use, and photo/video editing needs quite as well.
As long as you know your needs, and have proper expectations, $499 is phenomenal for a very decent Mac and a better deal than my base M1 Mini for sure. Enjoy!
I think it should be noted that many, many common, everyday tasks still don't, or only barely, use over 1 core. The jump in core performance from M1 -> M2 is useful.
For VMs and other things I've got cheap Intel iron + ESX. What VM tasks do you do using MacOS for the virtualization host?