I figured as much. I mean, it's pretty much a proper 1911 in design, other than the blowback operation, so that means it's bound to be 1911-ish priced. I'm actually surprised it's not more, considering that tooling for 1911s must be pretty common and every part on this thing must be unique (even the fire control parts?).
Thinking about it, a proper 1911-22 probably makes more sense, because it's full-size and better to practice with.
But it's so cute...