I never said I considered it overpriced.
I was making a point that it's now underpowered for some users and less powerful than the previous model.
And another point... I'm not really blaming Apple. Obviously, it's Intel's fault for forcing the Intel graphics on Apple, among other companies that plan to use the new CPUs and Intel logic boards.
For many people with the current model, the new Macbook Air will be a downgrade unless you really need some of the other new features.
Intel is not forcing anything. You want dedicated graphics get a MBP which has Sandy Bridge + discrete graphics chipset. The MBA is for portability and Apple decided (not forced) to use the Sandy Bridge IGP which makes sense. For the majority of people buying the MBA, SB will offer up better performance than C2D+320M.
Then you always have the option of "waiting" for Ivy Bridge