Apple needs to be very careful that they don’t erode the things that most differentiate them from their competition.
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A Mini-chassis-based SE with a headphone jack and a touchID home button would be a day 0 buy for me -- I wouldn't even wait for reviews.
Unfortunately I think Apple's treating the headphone jack (on iOS devices) like USB-A, not like the SD card slot or the HDMI port (on the Mac) -- the backlash hasn't been strong enough for them to backtrack.
Of course, that leaves me trapped in the failed evolutionary path of my touchID, small-sized, headphone-jacked 2016 iPhone SE that's losing iOS support this fall. The Zenfone 9 has me intrigued as a modern SoC with solid cellular band coverage and most of the features I want. But it's still bigger than I'd like.