You've got to make up your mind, you can't have it both ways. HomePod is either the most overpriced and expensive "smart speaker for the lightbulb and homework crowd" or a decently priced "single-room Bose wave radio replacement for an audiophile". You keep bouncing between the two.
In the world's biggest streaming music market, the United States, Apple Music is bigger than Spotify and the rest. And I don't know anyone who uses Apple Music's interface. That's what Siri is for. That's what HomePod is for. For someone who defends Alexa and Google's IoT voice integration its curious that you would criticize Apple for a physical UI.
Pandemic. Massive unemployment. Chinese workforce ravaged by disease. Historic levels of supply chain disruption. Chip shortage. You act like these things aren't happening. For all we know, HomePod 2 was designed and in the prototype testing stage last April when the whole world shut down and Apple made the decision to thin the line in their niche accessory businesses. Not much different than the March keynote that never was.
The Mini is half of a one-two punch in speakers, no different than AirPods Pro and AirPods Max. When it returns, HomePod 2 will no longer be a money-loser. And the HomePod is a $700 product. That's the cost when you buy 2 of them to create a Stereo pair, something an audiophile would do.