I'm going to preface this that if you've never bought something opulent, held it in your hand, and said "wow, this is REALLY nice" you're not going to get it
First, these are being made on Makino CNC machines. They're VERY expensive and I doubt the folks over at Element are rolling in dough. Most likely they're paying off the machine. They're great CNC machines though
Two, there is always going to be market for high end things. I have a friend that is a distributor of $500 Japanese denim and $2000+ titanium fishing reels. Will these jeans cover your rear end any better than $30 Levi's in Kohl's? No. But is there an immediate wow factor in the weight and construction of the jeans? Yes (I own about 14 pairs of these Japanese jeans)
Lastly, there must be quite a few people who enjoy these cases, as the Vapor Pro Stealths sold out at Tekcases in just a couple days after their last shipment. Of course, this might just mean that there are too many people out there with money to blow. Then again, I had a coworker in NY that would snort his way though $150 weekly
Why would anyone shell out extra money for a filet mignon over a sirloin? They both will make a turd. Most people who purchase these cases understand, or have experienced "pride of ownership". My wife has a Vapor Comp and I have a Vapor Pro Stealth. They are both VERY nice, all the pieces fit and line up perfectly (which for the most part can only be accomplished via high precision CNC). I really enjoy my case, and that's pretty much the long and short of it
Just my two cents