To be honest... yes, it is rather much. You are in the price range of full fledged IDEs, whole operating systems, and office suites just for a text editor, even though it is quite a good one. As the sibling comment mentioned, I'm sure many personal users just use the unregistered version to the point that they'd probably make quite a bit of extra revenue if they offered a more attractive price point for those users.

On a separate note, a friend described their backwards approach of validating licenses on every launch of their app, which creates a de facto 'telemetry' system since license hash is submitted to their servers and they obviously have access to other info such as IP.

So even though I quite like the software, I've discontinued use due to the high cost and also due to the inability to opt out of external communications that'd allow them to keep tabs on you and your usage. To be fair, I was not keen on Microsoft's telemetry in vscode but that can be disabled and even better, vscodium removes it completely.