I agree.
When they announced the Mac mini and the iPod shuffle, I thought, wow, finally Apple has some good value products. But after looking more closely, I think the Mac mini is overpriced by at least $100. It comes with only 256 MB of memory. The iPod shuffle has no LCD screen to see what song you're on, and it does not run on a simple AAA battery like many of its competitors.
I really think that in most cases all the Apple premium gets you an elitist sense of "cool".