1199...
honestly... until I do some good old fashioned spreadsheeting, This doesn't seem like all that unreasonable of an update.
it's one of the only times you might hear me say that an increase in price matches the increase in updates to a machine. a high res screen does cost more than a lower res one. plus the addition on TouchID is new to the Air lineup. both of these as an update from the old air is not bad for $1200.
the problem will lie in what's the purpose of the MacBook then. especially at $1350...
i'd be bitching about that price if they were still using a < 1080p display while raising the price. But at least here, there's a tangible increase in technology for once