Ok look everyone. There are 2 issues here and I see many people not making the distinction between them.
1. Does the iMac meet your needs? (such as, gaming, video editing, graphic design, or whatever you may want to use it for)
2. Is the iMac overpriced (meaning, are the components you get reasonably priced?)
There's a 3rd issue: what if the iMac meets my need, is not overpriced, and yet my wallet can't afford it? Probably a non-issue for wealthy people, but quite significant for others.
Here are the facts: those who were waiting for an upgrade, hoping the 27" would become a little cheaper, one way or another, are totally disappointed. The new models are all at least 200 euros more expensive, and the 27" refurbs have exactly the same price as before the upgrade.
Granted, the cheapest 27" refurb went down 10 euros today. Hurray.
All in all, this refresh is NOT good news for those who were hoping for a cheaper 27".