From talking to Jerry, my understanding is that the price isn't $1149.95 MSRP. It's $1149.95 period. I have the order form sitting right here next to me. If you want a gun from that first batch, you sign up for their "subscription" program, send a check for $249.95 when they're ready to build your gun, and send another $900 "within 60 to 90 days." Then they ship to your FFL.
Now, I don't know if the price will drop after that initial batch, but at least for those first guns, it's $1149.95, plus whatever your dealer charges for the transfer, plus (maybe) sales tax. Add another $50 if you want to pick your serial number.
In my opinion, the price is steep but not totally out of line. I think original Detonics guns cost about 50% more than a standard Colt, which is (I think) around $700 today. Adding 50% takes us to $1050, which isn't far from $1149.95. The big difference is that at the time of the original guns, there wasn't any real competition in the ultra-compact 1911 market. Today there is. And, as I mentioned in a previous post, old, original Detonics guns can still be had NIB for around $800 or less.
If they use high quality parts, assemble them properly, and make the guns run perfectly right out of the box, I think they might still be worth the price. I think I'm going to take a "wait and see" approach, though.
Best,
Joe