A few pages back (almost a year ago), a few of us went through the same, "Jeez, wow...really?" about prices.
While plenty of folks disagree (and will gladly accost you about it, hahaha), I do have to chuckle your comment came right after someone buying one new, and it has dings. I've yet to get a single Malkoff that wasn't a gorgeous finish (I've got like a dozen). Peak is also in Arizona, and sells what I would consider aggressively fair priced made in USA lights, and they've been cosmetically fantastic (I've got maybe half a dozen). Also, there was someone recently updating about getting their light back after a long warranty service from HDS...
My argument is they're neither fish nor fowl; they aren't as durable, bombproof, and KISS as something like a Malkoff, but they're not as pretty and aesthetic as something like a Haiku (shockingly, an AA Haiku is only $20 more than a Nichia rotary). So, you end up with it not being as refined as something like a Haiku, because "it's functional," but then it's also not as "Zombie Apocalypse" as a Malkoff, without user serviceability and simplicity (and, I'd argue an MD2 with or without a Tricap IS an aesthetically pleasing light, AND Malkoffs have an amazing, quality feel in the hand, and impeccable finish). So, for the price, do I get a Haiku? Or, do I get 2-4 Malkoffs? When it came time to pull the trigger, I chose the latter, haha. No regrets!
I'm still excited about a 4000K AA rotary, and will gladly pay for one, but I've tempered my expectations. It will be a surprisingly large form factor, probably not the most cosmetically nice light I have, not the most impressive output AA light, have a wonderful UI, and it won't be my "Zombie Apocalypse" light (whereas, my MDC AA is). In all honesty, it'll probably be more of an "around the house late at night" light, to minimize warranty claims (haha) but to also really take advantage of it's claim to fame; easy adjustable, low level outputs. I sure hope it tailstands without the button messing that up all the time, hahaha, otherwise, my MDC AA will be back on bathroom duty, haha.