I've proposed this before:
- 600MHz Sahara G3
- 512K L2 Cache
- 256MB RAM
- 20/30/40GB Hard Drive (something in that range)
- CD-RW Drive (just a slow one)
- Airport Extreme Support
- GeForce2 MX 32MB
- $499 or $599
Unless a configuration like this comes along, I see no reason in a purchase of the classic iMac.
But then, people have mentioned the confusion of the Classic iMac and FP iMac. So, just combine the Classic iMac and eMac lines. Offer 15" eMacs and 17" eMacs--I don't think anyone would really care.