$1500 isn’t bad at all. An apple watch can cost $800 and a base spec MBP is like $1400. If it was the price of hololens ($3k?) then it’d be a concern
I get they are trying to make this a productivity tool, but there's a lot of productive use cases outside of directly editing text.
Also: despite the frequent comments by folks here that did not watch the announcement, this is a business-focused device first. It is not targeted towards consumers or gamers. That is the Quest 2, which will continue to be sold.