What happened to Sun?

I have been working with Sun hardware since I was in university. Although I did not like Solaris until it's tenth version I liked the hardware manufactured by Sun.
Sun workstations and servers were ahead f time. Powerful processors, good networking capabilities (remember their slogan - The network is the computer), excellent management capabilities and storage options. All those at an accessible price (no wonder that they are the dot in dot com)....
Until recently...
In the last years their workstations became ugly beige towers, they lost the touch of nice design they used to have. In the current line of Sun workstations there is no nice looking one. I have home a lovely SparcStation Classic...
I cannot help myself thinking of the MacMini. It has the same simplicity and minimalistic design as the Classic Sparc... Sun has now the new T1 processors that re silent and reliable. Putting one of those processors in a slim workstation with a size in between Mac and Classic an package it with a Solaris 10 or some polished Linux distro might make it a hit. It could be marketed similarly as MacMini (BYKDM :)
Theonly problem I can see here is the market for it. While Mac is aimed for designers and trend setters Sun is a geekish toy. It is designed for engineers mainly and not or the common user. Still if enough good open source software is packaged with the toy it might be sold to companies as a PC replacement marching both on the advantages in terms of size and power consumption as well as on the aesthetics of the computer not to speak about "holly" things as manageability, security and other things not really present in Vista :)