No, 'overpriced' would mean that an Apple products costs MORE than its 'equivalent'. The fact that Apple doesn't release bottom dwelling crap doesn't mean that the products they do produce are 'overpriced'.
BTW... 'SLOW'??? Have you ever touched an MB Air?
Get your head out of the spec sheets and see what the actual experience is like.
A comment on the speed... I know I was impressed with the speed. The SSD drive makes it very snappy. And given what people use them for (light computing mostly) they are more than fast enough.
But then again, I'm sure your wife will love the duel core Tegra T chip set.