Yes, at 15,000€ x400GH/s. Not saying is not worth it, but all this pre-order stuff is very tiresome. When the potential profit is huge, then its ok to take a gamble. But when the price is adjusted to its expected ROI (as Avalon did with batch #3, and as I assume punin is doing by selling the "August delivery" at double the price of the "October delivery"), IMO the only way to go is immediate delivery (less than 7 days). Otherwise, we know how the story unfolds: a two weeks delay already throws your ROI expectations to the garbage bin.
Don't forget 24% VAT making it 18600€
Yep, it's a lot of moolah, dough, bones, etc, but theoretically it should pay for itself in a month unless the unfortunate happens and when you get it difficulty goes to the moon - or before you get it. Also if they do make their August delivery you would have 400 Gh/s before KnCMiner delivers their units.
The problem is "theoretically". When you buy a machine TODAY that you will receive TOMORROW, then you can estimate your ROI and take your decision, as per ASICMiner offer. So, if your 400GH/s unit was to arrive tomorrow, you could say "I would achieve ROI in 30 days at constant difficulty, that means that I'll b/e (in BTC) for sure and I'll probably have a nice ROI", and you buy.
When the ROI would be one month "at current and constant difficulty", but the delivery is *expected* for August, then you're again repeating the same old pre-order pattern. You buy because you *hope* to receive the machine in the advertised timeframe, and then you have to face delay after delay.
Let's remember that NO ASIC VENDOR has EVER honored a deadline, apart from ASICMiner - but that's different, because they had the products in stock. Let's say that no pre-order ASIC vendor has EVER honored a single deadline.
We have a very good example of how the "unit is priced higher because ROI expectation is higher" strategy played out. Avalon batch #3. Yeah, if we had received the unit when it was supposed to arrive (early May), the price was spot on. But 3/4 weeks later, it was already a bad investment for its customers.
This is quite similar: if the unit really arrives in August, then 15,000€ is a fair price. But, what if it arrives in mid September?
No CC payment allowed, so no way to process a chargeback. You need to have faith on the vendor's honesty if you request a refund.
All this is kind of fucked up for me, all this "gambling" is getting very tiresome, at the end most of miners are fucked and losing money.
another 24% on the price.. 
