LA->SF is a terrible route because of geography. SF is northwest of LA, but the first thing the train does is head 50 miles East.
The quoted fares were laughable. The proponents were claiming the fare would be somewhere around $50 when existing San Jose->Sacramento service (a much shorter route) cost $40.
The insistence on running HSR all the way into SF is a bad idea as part of the initial plan. San Jose makes a better terminus: San Jose is served by Caltrain, Amtrak Capitol Corridor, and ACE, which provide connections to most of the Bay Area.
The plan should have started with an MVP and gone from there. "Merced to Bakersfield" is not useful. I would have gone with Los Baños to San Jose which could have served commuters. Then extend it to Merced and the rest of the Eastern Central Valley to help solve the Bay Area housing price problem.