It might be a little overpriced, but on the other hand I dread the day that Apple dumps their prices, and here's why: They will always refuse to back off from having the highest profit margins in the industry. If they do cut the prices, the consumer is guaranteed to get the short end of the stick. They will not simply cut the prices on what they're offering today, despite the ample room to do so, instead they will cut corners in manufacturing so that the profit margin remains the same even after the price cut. Heck, they'll put in refurbed components, switch to a cheaper LCD screen in the MBP, trim off a couple of millimeters on the aluminium, anything to protect the holy margins.
Just look at the original Mac Mini G4. When they launched it I thought "wow, Apple finally gets it! They've made a competitively priced plug-in Mac which they will sell to PC users to lure them into the OS X fold, and make the money back when those switchers buy bigger Macs". But looking closer at the specs, it became apparent that it wasn't competitively priced at all. It was cheap (what, $500 or something?), but the stuff inside it was worse than on some bargain-basement PC laptop, with a 40 GB, 4200 RPM drive, 256 MB of the slowest RAM available, and a 32 MB video card that couldn't even handle basic OS X effects like the water ripples on Dashboard Widgets. Rather than make the first Mac with a reasonable correlation between specs and price, they had managed to do the impossible and create the world's first overpriced $500 computer. And the only impression that potential Switchers came away with was that those Mac thingies sure are slow.
So while I would welcome price cuts, I would also be very suspicious of the methods used to make the price cuts "possible" (possible in Apple's mind; they were already possible if you ask anyone else). Frankly I would rather pay what they're asking today, at least then I know I'll be getting first rate components and not some used stuff they found in a dumpster.
In other words, no, I don't think an MBP is worth the money but I would bite the bullet and buy it anyway, if that makes sense in the light of what I just wrote.