I have never understood why car companies do this. The "MazdaSpeed MX-5 Miata." Why is MX-5 in there? Yes we know that is the car it is based off of, but the mods have made it a higher end model. Chevy did the same thing with the Camaro Z28 SS. Do they think the length of a car's name makes it more impressive? Do I really drive a MazdaSpeed Protege ES? I know this is kind of trifling, but I just think it's silly. I know we'll all be calling it the MSM, so I guess that's all that really matters.
As for the price, I think it's fair and it won't really scare too many buyers away. Personally, I think if I had that kind of money to drop I would be picking up one of the remaining P5s and moding the hell out of it with the money I save. But we all find happiness in different cars and I look forward to hearing about the car from the guys that pick it up.