The dot-com collapse isn't helping them. Where there used to be a whole class of well-educated, creative aesthetes running around with IPO cash, now there are a lot of worried people thinking about how to cut back.
It's really hard to say how well the MINI will do over here. There *is* a trend towards smaller cars (the new Suzuki campaign reflects this) so the car may appear at the right time. My sense is that as long as BMW isn't trying to take over the world, they'll sell as many as they like.
It's worth noting that people pay $20k+ for a new GTI, or 6-cyl Jetta, which is right in the price range of the MINI.