I think that no matter which route Apple took, there would be someone that wasn’t happy with the updates. Some wanted usb-c, smaller bezels, promotion, Pencil 2, updated chassis, FaceID and 4 speakers etc... All for a price of $250 to $300.
Then we have those who just wanted a lightweight tablet for on the go without driving the price up into Pro category. If Apple made it Pencil 2 compatible then everyone with the original Apple Pencil would have been upset. Either way you look at it they just can't please everyone without designing two different Mini's.
I also saw before release many who said they just wanted a small tablet to supplement their larger tablet to take on the road with them, however since the storage options don’t meet their exact demands they aren’t willing to buy one now.
The iPad Mini doesn’t need to mirror what you already have at home. Do we really need to carry around (examples) 5 years worth of photos and 200 gigs of music everywhere we go? The whole point imo of an iPad Mini is to be a supplemental device, lightweight and easy to take with you unless perhaps this is your main device. As for bezels, it’s not a fashion device but rather a tool that serves a purpose (at least it should be imo).
As I said before I think it’s impossible for Apple to please us all without making 2 separate devices and even then you will have people complaining about one thing or another.
I personally ordered one. It will supplement the 10.5 Pro that I will leave at home. Could it have been more, yes. However I realized I just needed something small, lightweight and easy to carry about. I’m not fussed over bezels nor do I need a larger storage option than 64 on my portable Mini. Cheaper price would have been nice but price wasn’t the driving factor of why I wanted a Mini in the first place.
All that said everyone just needs to evaluate their own needs and decide for themselves whether they want one or not.