Regarding the Western market for the "Mini M", I had dinner with the head of marketing for a large Fortune 500 company. She is mid to late 50s, makes $3M a year before stock options (according to SEC filings), has very good taste. We were talking cameras, and she said she intended to get this Mini M to replace her M8.2. Why? The M8.2 doesn't have a zoom, is not AF, and can't shoot from the screen, and is complicated to use when she wants to simply take a snap shot.
Note price never entered the conversation. The message I received is that she wants RX100 auto flexibility in an M-Like metal box, with a Red Dot.