He is comparing it to the lone Intel based Mac mini you still can buy. He just forgot to add 10Gb ethernet for an extra $100 for a total of $1999.
So you can have the base Mac Studio (10-core, 24-core GPU, 32GB unified memory, 512GB SSD, 10Gb ethernet) at $1999 or the Intel Mac mini.
Huh so it is. Didn't realise the matching spec Intel Mini was the same price. I can't see it being in the store for much longer then. The Studio is a much better buy. And way more powerful.