Unlike other reviews, I actually purchased this. When I got it, I was extremely impressed on the quality of this stand and can actually see why its so pricey. It's heavy and the aluminum is extremely thick and sturdy. The swivel mechanism has some impressive engineering to it. Before buying this, I expected a stand much like what's attached to the imacs, but it isn't.
Hate Apple all you want, but if you actually had this in front of you and held it, you could see how its priced the way it is.