The new iMac is hideous and it's the type of design that gets worse with time. This is a one time design, it'll get changed either in the iMac Pro 27"/32" or future designs.
But the worst part is that there is very little differentiating this iMac from a Mac mini, both have M1, and both have discrete graphics, usually the iMac's edge was a better CPU and dedicated GPU. Which is now nonexistent.
There are some niche cases where the iMac might be better, but they are niche, for the vast majority of users it seems the Mac Mini is the way to go.
With regards to design, who in their right mind can argue that large white bezels, huge chin without beautiful Apple logo, is a good idea in 2021?
And why 24"? If I want a small screen I'll stick with iPad/Macbook, 27" or 32" is the way to go.
Mac Mini wins hands down.
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