It kind of undermines the sleek form factor if you need to have a clunky NVMe enclosure dangling off the back though. Even with this tiny new design I bet they could fit a hatch on the bottom with space for a 2230 M.2 drive, but they don't want to because that would let you upgrade to 2TB of fast internal storage for $200 instead of $800.
Until someone brings out little two or four drive NVMe enclosures that fits exactly under the Mac Mini with a Thunderbolt bridge/plug that doesn't snag cables, because we all know Apple can't resist gauging buyers by refusing to include two easy to access M.2 bays on the underside.
I can't imagine anyone but Apple shareholders drooling at the taught of overpriced soldered memory would prefer a smaller Mac Mini case if ~0.5" more height would get you M.2 bays for storage.
There are a number of companies that specialize in making hubs/NVMe enclosures that match the aesthetics of the Mac Mini and sit directly underneath it.
It’s not the size of the NVMe enclosure that makes it clunky. It’s that you now have an extra dongle hanging off the back of your Mac and cluttering up the desk.
There is a reason for the popularity of those enclosure/hub combos that have the same footprint and color as the Mini.