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I wouldn't consider a mini to do software development on of course - unless you like going out while waiting for compiles. But your typ[ical email and web browsing would be fine.
A number of Macs have been configured from the Apple store with too little default amount of RAM. Make sure any machine you're using has at least 512MB to get a more realistic taste of its usability.
I used my Mac mini for a fair bit of software development (C#/mono and ObjectiveC/Cocoa) and it wasn't a problem with regards to speed. It does have 1GB of memory though, with the 256MB it came with even Finder + a couple of Firefox windows made things too slow for my liking.
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Remind me to change my signature to something more interesting someday