I actually feel that AS will give the mini new life (and with it faster release cycles) because all Apple has to do is drop in their custom A14X chip in the existing mini, update to TB4, and call it a day.
A14X probably doesn't have the PCI-e v3 lanes to provision TBv4. Likely also doesn't have the display subsystem to handle 4 video streams. ( unless Apple backslides down to just two TBv4 ports).
[Thunderbolt v4 requires video on each port. If want to cut corners there is USB4. ]
Another SoC with substantively more capable I/O subsystems would be be part of the "update to" , but Mini has higher port needs than Apple's low end laptop line up. TBv4 is going to be a bit more than just a "ta da" we are done. Especially if Apple wants to match (or better) the port options on the current Mini.
If Apple is completely dumping Intel for Thunderbolt also then they have even bigger question marks. Won't be going to a vendor with better experience at it.
Case in point, the developer kit was a mini. They don't have to redesign it (considering their server market wants to same form factor)
Server folks not only want the same form factor. A substantive number of them probably want the same basic ports also. ( e.g., if want to add a second 10GbE port to SAN, then will need to use TBv3. ). The DTK actually backslides on ports. No TBv3. Two less USB-C. Two less USB-A. Probably not much more than two 3.0 USB-A ports worth of throughput. Probably no more than 1-2 video out.
In terms of testing apps it was/is sufficient. In terms of testing I/O it is a circa 2017 (or earlier ) status.
I could be wrong though, since they did re-release the 2018 model with upgraded storage and label it as "New".