Did someone actually say this is for the nouveau rich? It's $1,299! Value is in the eye of the beholder. Specs these days mean very little to most people. If it's sufficiently fast for their needs, then things like design and weight will trump specs.
Also, there's tremendous engineering that went into this machine: new display that's thinner and more eco friendly, terraced batteries, tiny motherboard, fanless, all aluminum design, revamped keyboard with individual LEDs, next gen trackpad and the fact that this thing only weighs a fraction more than the Surface "tablet" is a significant engineering achievement.
That doesn't mean it's a good value for people who need ports and more speed, but that's why the Airs and MBPs exist. For people who want the lightest sexiest laptop out there, I haven't seen anything comparable to the new MB.