People in this thread are getting confused. This isn't supposed to be going for the "classic" market. This isn't something that's being thrown out in the category of a Playstation Classic or a SNES Classic. This is in the arcade stick market.
Good arcade sticks are notorious for being overpriced. And considering this is basically two of them with a couple of games, it's nowhere near as overpriced as it sounds when you compare it to a Playstation Classic. It's still very overpriced, but that's the market for these things.