Exactly, an example of style over substance. Or, to put it another way, the Mini is actually a fine little car, decent engines, handles great.... except for the fact that it's well, well overpriced, and been styled to appeal to the retro and the city boy/girl types, rather than, for instance no-nonsense functional looks like a VW Up! or Panda etc...
Make one a bit shorter, with no chrome, small wheels, only the trim and spec you need in a car, like a Mk 1 Aygo, and charge £8995 and I'd be sold. Where it stands it's made as an automotive bit of fashion jewellery/clothing/new LCD telly etc...
Styling plays a massive part in how we judge a car, and what market we think it's heading for. All the more sad when people use the phrase 'only a stylist' - as if judging to perfection (or misjudging) how a car's looks will fit into an ever-changing, fluctuating world, several years before it is launched. Like judging what the weather will be doing this time next year.