If it has a cell phone radio in it.. it's an inflated price. You don't have to compare it to the older Nokia devices.. simply look at ANY equivalent hardware at any point in time with and without a cellular radio (ie iPhone vs iTouch, Nokia tablets (n8x0) vs similar smartphones, Palm Tungsten T5/TX versus Palm Treo's). It seems as if you could easily shave off $300 or more from almost any device by simply not designing a cellular radio into it. So yes.. it's inflated.