I suspect I may be one of these "loud noises", but my concern is not affordability. It's not that personal. I'm simply trying to figure out what the Edition's purpose is. If it's purpose is to offer a fashionable gold finish, that could be achieved with high quality gold plating that has a life well in excess of the electronics it would surround. That would be sensible, practical and affordable by Apple's mainstream customers. It would fulfill a role.
So I'm starting to think the Edition was never intended to be sold at all. Even the pricing is a suspiciously round $10,000.00 and $7,000.00 for the strap (none of Apple's usual $9999 and $6999 pricing malarkey to make it look better value). I'm thinking the Edition is akin to a shop-fitting, an in-store advertising panel or those nice limestone slabs on the floor: Intended to make the store look and feel upscale, but not actually for sale.
Apple is attempting to attract luxury watch buyers. I'm not talking about people who own one somewhat-luxury type of watch. Hell, I own a Tag and it's just a "really nice, higher-end sort of a regular watch." I hardly ever wear it.
Apple isn't targeting me with the Edition. They're targeting people who regularly drop large sums of cash on watches just because they can and do want to impress their friends and associates with how much they blow on such purchases. Those are the majority of people who will buy it. Along with some collectors who might want to add this into their collection because none of us really know if it might not be VERY valuable one day if the Apple Watch either tanks or takes off like crazy. It's still first generation.
Do I think they made the kind of volume for these that they've made for the Watch and Sport lines? No. I don't. But, the purpose of these wasn't to sell them to the typical Apple customer. It was to get them on the wrists of people who'd pay very high dollar amounts to be seen wearing the top of the line tech wearable and people who just have a ton (more than most of us who have a good chunk of disposable income have) of disposable income and think that the Edition watches are more attractive than the other models.
I think it's as simple as that, and they will sell quite a few before they start offering some more moderately-priced watches that are designed to fill that huge void between 1100 and 10K.
In fact, if Apple ever drops the price on something, it'll be the bands and the previous gen models of the phone once they bring out the new versions.
I don't see them dropping the price of these like they did the iPhone. People were used to buying subsidized phones and they had to lure people to buy unsubsidized. Nobody is used to buying a subsidized watch so it makes more sense not to lower the price of the watch itself, but to lower the price of accessories... or, more to the point, to offer other accessories that are more affordable than what they've got now, then slowly phase out the more expensive accessories if they're not selling well.
I do hear you about not wanting it yet being a person who'll drop a good amount on luxury items or just stuff you really wanted because you can afford it. We do that same sort of thing in my household.
I can tell you that if I drop 10K on a single thing to wear this year, it'll be diamonds, not an Apple Watch. I do love fine jewelry. I do not consider the Apple Edition model of watch to be "fine jewelry" and since I'm not a watch lover, this product wasn't made with me in mind.