Even that screen is worth half the price of iMac, or even more, depending on configuration. iMac is the BEST bang for the buck that Apple currently offers, Mac wise.
OP doesn't know what they're talking about.
I think I would agree with you if the hardware weren't so old. It is beyond frustrating that Apple continues to charge the same price for a computer that was released 18 months ago and has been superseded in every aspect (except the screen). I would have bought an iMac a couple weeks ago at the current price if the hardware were current or taken the current hardware at a discounted price. The only discount I saw for the 27" was from 3rd parties on the base model.