Zachary,
Great topic! I also think you just lit a match near a gas can - it will be interesting to see the responses you get. In general I agree with you, but I think the issue is defined by value instead of price. If something sells at a given price - from a business perspective it is priced right. Worth is determined by what someone will pay for something. Of course everybody has their own conception of the value of something. I think one thing that skews the clarity of value in optics are the deep discounts, sale prices, wide variety of definitions of lense coatings, "brightness",etc. also - tracking systems, promotional gimmicks, and non-standard testing etc. and the perpetual model changes. It can be hard to make good objective (no pun intended) decisions.
Since I own my own definition and conception of value, I can say that I certainly do agree with some of what you said. I don't think the value of what I get is proportionate to the price in many instances. For instance, although I think the best Euro scopes are indeed superb, I don't value them 4 times more than my 4200 Bushnells, as the comparative prices might suggest. I am completely happy with the 4200's and think they are a superb value and give me 100% of what I want in a scope. I have a Bushnell 3200 10X fixed with mildot reticle that has beautiful optics, seems like I could use it to pound tent pegs with, and has Rainguard to boot. It cost under $200 and I trust it to the max. I don't recall the Leupold "equivalent" to it, but it was about 4 times the price as I recall. For me, I just don't see 4 times the value. Somebody else? Buy it and enjoy it! I'm happy for you and I won't be posting any "it ain't worth it" remarks either - because to someone else, the value is there.
I own about every brand of scope commonly found in the U.S. and I think some are fantastic values - far above what their prices would suggest - Simmons, Weaver, Bushnell, Burris, Redfield, Mueller, Nikon, Sightron - I have had great results with those brands. I have had wonderful results and service from Leupold as well, but that is not the first choice for me in terms of value. They make a fine product, back them well, and have earned a great reputation. I own a few of them and have had no problems - but I don't always see the value commensurate to the price. For whatever it is worth, I read an article by John Barsness that rather informally compared return rates of various brands and Leupold was at the low end of return statistics, which speaks well of them, but they weren't the only company with the good stats. I think a lot of companies make fine scopes nowadays, and at a variety of price points. I stay away from el-cheapos in bubble packs, but I think there are some surprisingly good scopes for very reasonable prices. I thnik we have lots of great choices at reasonable prices now. Just my opinions...