Buy Apple mini with M1, buy Intel iMac or wait for new iMac?

in General Discussion
My question - Can the new Apple mini M1 be an effective replacement for an iMac? Currently have a 10+ year old 21" iMac with High Sierra and was hoping to replace it soon. I use a computer for mostly email, web browsing, iTunes and some minor photo/video editing (mostly photo). Should I upgrade to the new Apple mini M1, buy Intel based iMac (hate to buy into obsolete tech), or wait for release of an M chip based iMac sometime next year? Price on Apple mini M1 looks tempting even factoring costs of added monitor and accessories.
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