Apple aren't going to price it based on a model with an obsolete i5 CPU. People expecting a $1299 Mini are very
I've said things before but the clues on already released products will inform the price of the upper SKU mini replacement are, in my opinion:
1. The 14" MacBook Pro got a $200 price increase over the 13" Touch Bar Intel model.
2. No SKU of the M1 Pro Macs comes with 8Gb RAM - it's all 16Gb RAM SKUs for now. It makes sense that off the shelf M1 Pro SKUs come with broadly the same 16Gb/512Gb base spec rather than Apple try to go spec for spec.
3. Chip shortage may have an impact, this will either affect shipping times for minis as lower profit margin devices after initial shipments run out or Apple could go for higher profit margins. A case redesign, plus spec bump, and higher base spec could be their justification - and if they can ensure it runs silently why wouldn't they?
Apple could have replaced the upper SKU of the Mac mini with a 16Gb/512Gb storage M1 SKU and called it a day in 2020 making the Mini a low spec device updated in parallel with the MacBook Air.
For me, the high SKU mini is going to be starting at $1499 with 16Gb RAM and 512Gb storage - compare with the $1999 14" MacBook Pro and I think $1499 is rather generous - it could easily be $1599.