That is your opinion, and you are entitled to one.
And still group buy threads are created and reach > 300 units each, so obviously the market does not agree with you.
The price WILL come down, don't worry, this is just the first batch.
Go ahead and buy Avalon/BFL/FPGA/GPU/something else that gives you more Ghz/BTC until that happens.
I think people are stressed about it because they really really want one, but the ROI doesn't perfectly justify the purchase.
This happens a lot with electronics. I make a habit of buying second hand, or at least wait until the craze is over. However, if it's something I really want right now, I do pay the "insane" amount, even if it's not justified with return.
This is such a case, I think. It really doesn't have to pay for itself; it's an awesome development and I want to have the damn thing as a trophy. If it pays for itself in a couple of years, I'd be even happier.
This device isn't for professional miners, period. If you are planning to plug hundreds of these to a hub, you are probably mislead, though I'm sure retail vendors would likely be "testing" these miners until they are sold. Come to think of it, you can buy 300 of these and sell them with an ever reducing mark-up this way.