I recently went to best buy and looked at a new LG or Westinghouse monitor that has 10,000:1 contrast ratio, 2ms response, and goes for under $400. The only thing I looked at was the viewing angle, and it wasn't any different in quality than LCDs have every been. Maybe it was the model, but I think I might buy a plasma before an LCD. (I'm REALLY waiting for something better than both.)
However, I can see the general public, especially younger lads, immediately wanting an LCD and a widescreen one at that. And there are more of these single, well-to-do boys than you might think. My brother, who's now 35, was easily making 80 grand in his mid-to-late 20s. He wasn't anywhere near the top of the heap, and though he lives in L.A., if he'd been into this kind of thing, he'dve bought it - and had plenty to spare. (That boy spends money, I'll tell ya.)
As for the price, I kind of figure that just because British currency is twice what it is here, doesn't mean it buys twice as much there. Hence, close to three grand sterling is probably similar to three thousand dollars - which are what Arcade Legends and all that stuff goes for.