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I agree with you on the prices.
It would seem to me the way to make these boards cheaper would have been to put sockets on the boards to use existing Apple G3/G4 cpu's that are in the market in droves.
Most of the price of these boards (and the similar AmigaONE) is the CPU. For which they pay a premium because they are buying VERY small quantities.
If they had taken advantage of Apple's (and add-on vendors) large quantity buying power, they could sell the logic boards with an OS for $250 or so, and let people buy their own CPU.
I can get a G4 700mhz CPU from OtherWorld Computing for $199.00
Many people in this industry miss the idea that you make more money selling 100,000 units at a $25.00 profit than 5,000 units at a $100.00 profit.
I would love to buy one of these or the AOne myself. But not at these prices.
I bought a fully built up G4/350 Apple machine for $450.00
Even adding the faster processor would keep it below the cost of the logic board for this system, no less a fully built up unit.
The high price is going to doom the Pegasos II and the AOne to obscurity.