I posted re: dual monitor problems a few weeks ago after getting my late 2012 Mac Mini w/ Fusion drive.
Before I update my report, I would like to say that other than the monitor/graphic interface issue, the 2012 Mac Mini is a terrific piece of equipment. This is my 3rd Mini and the performance on this puppy is amazing. I loved the concept of the Fusion drive and have been thrilled with the resulting speed and performance.
Overall the Mac operating system (10.8.2) is wonderful software. With sufficient RAM (I have 8 Gigs.) I can set up multiple, task-oriented desktops and switch from one to the other seamlessly. All the apps I use can be open simultaneously. I added a 1 Tetrabyte HD as backup and was able to load thousands of my songs into iTunes and multiple thousands of photos into iPhoto on the Mac Mini HD with automatic backup via Time Machine to my 3-4 oz. backup HD. Really, compared to what was available 10 years ago, this equipment and its software operating system is miraculous and the engineering and design teams that have worked on this should be very proud of themselves.
That said ... I struggled from day one with this new machine in order to use dual monitors. I have two HP 22-inch monitors ... HPw2207 and HPw2207h (yes, the 'h' stands for HDMI). I don't know if HP still makes these monitors. They are especially useful because they can pivot from portrait to landscape mode in a couple of seconds.
I can dispense with further discussion of the HDMI version of the HP monitor because I have yet to get it to work with the new Mac Mini. 😮
Regarding the older DVI-ported HPw2207, I have found that it works good. No color or fade out issues have shown up.
I would say to those having such difficulty with their monitors ... they might try getting something like the HPw2207 which certainly is not as expensive in terms of time and energy as replacing a Mac Mini with a new computer.
Someone else suggested that the biggest problem when trying to use dual monitors with the 2012 Mac Mini is sleep mode. That is exactly what I have found! If I just let the system run and not use the Sleep Energy Saver option, I have NO problems with the monitors. On the other hand, if the system falls to sleep things quickly degenerate into a stupid and irritating game of hitting the right set of randomly chosen keys plus monitor power buttons to see what will wake up the system and both monitors at the same time. Really, it's amazing that this functionality wasn't tested and fixes made before the product went into production.
Anyway, that's my experience. I'm hoping that 10.8.3 will allow me to use the HDMI version of the 2nd monitor simply because it is a newer piece of equipment. If I could put the system to sleep after an hour and get it to come back to life reliably, that would be very nice too!
Given the large number of complaints about this particular problem and the remark by one of the Apple employees -- if accurately conveyed to this forum -- that "you can only display clean output through the Thunderbolt output port", I'd say that eventually there will be a class action to get these machines repaired or to compensate those who bought them thinking that the functionality of the 2012 Mac Mini was downwardly compatable to monitors that had been used with previous versions of the Mac Mini once an appropriate connection adapter was in place between the computer and the monitor.