Greetings,
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It is being worked on in that there will be an iso called minimal. That said.. it will be similar in size as the previous one. There isn't much that can be done with how interconnected packages are now.
It's not how interconnected they are. There are two sets of packages on the iso - it contains both Minimal _and_ Server with GUI selections and thus it's about 900MB bigger than it needs to be. Now whether that can be amended so it doesn't include 4 or 500 unnecessary packages is another question...
Also it has an option to pick software packages which totally doesn't work at all. Sure it'll install... but you won't actually get all of the extra packages you selected. Other than that, it's a total win (sarcasm).
TYL,