The 27" iMac is $2199 + $399 for this Monoprice monitor w/ DisplayPort <http://www.monoprice.com/Product?c_id=113&cp_id=11307&cs_id=..., for a total of $2598. This has a 3.2GHz i5 and NVIDIA GeForce GT 755M 1GB GDDR5.
The new Mac Mini with 3 GHz i7, 16 GB RAM, 1 TB fusion drive, keyboard and trackpad is $1537 + 2 x $399 for the monitors = $2335.
I'm not convinced saving $263 is worth going from 4 cores to 2, and presumably a worse graphics card.