People are forgetting a few key points,
Ok then - Steve Jones did get one of them 
Specialist Manufacturers are just that..... specialists...
I am an "underwater video specialist" - pretentious maybe, but I use this term as the world is flooded with UW "videographers" who seem to use nothing but their right thumb in their daily work. I refuse to be asscoiated with such nonsense... I call these folks "thumbs"......... (but that's for a different post, I guess....
)
When I / Paul Wags / Mike Veitch / Nick Hope, et all, charge X thousands of dollars for a wet assignment, are we over charging? No, we are supplying a niche service, of which their is very little serious competition in the global-market.
The same goes for these gears.....
Let me digress a little - also......
The conspiracist in me (don't worry I'm a realistic conspiracist, not a nutter - Diana did die, Osama did attack the US etc........ I just enjoy hearing the theories that wildely fly around.....) also belives that niche manufacturers know that if you NEED something, they can charge top dollar for it, fact...
Is a climbing rope / harness REALLY worth the money one has to spend on them? SURE! You need them as they save your life...... Full stop...... Materially and R&D-wise they are probably worth a tenth of the cost one needs to pay for them..... The same goes for your regulator, BC etc.... (I know a BC doesn't save your life, but it certainly makes it easier!)
Like Steve pointed out. If you make a product, of which you will only sell a few items, then you need to divide the development costs by the number of expected items to be sold in the market. Add a little (maybe a lot in the case of certain manufacturers) and you will have your RRP.....
Simply put, Why do we all pay 150%+ of the cost of our imaging equipment for our underwater housings (discounting Ikelite)? Because you need it to ensure that the REALLY expensive piece of equipment that gathers the images doesn't die, as it obviously would, were one to immerse it water and try using it........... (sorry to point out the obvious, but I do that sometimes.....)
Another example - The first couple of years of Plasma TVs saw a price which was totally unrealistic. Why? Because 9 out of 10 of the TVs which hit the end of the production line wouldn't actually work! The customer had to absorb this cost....... They've now - supposedly - got it down to an approximate 30% failure rate....
As usual, I could go on for hours but I've got work to do, and you lot are probably rubbing your sore eys and scratching your aching heads wondering how this guy can type so much without getting repetative strain injury?!?!?
So to sum up this post -
1. You need the part so pay the price.....
2. They won't be selling alot of them, so help them feed their families and support their efforts......
3. As Steve says, the tooling machines and therefore the machining process itself IS pretty damned expensive.......
Don't get me wrong, I agree that niche products are VASTLY over-priced....... but there we go.
If no-one bought them, they'd drop their prices.
At the end of the day, blame the dudes years ago who said "OK, I'll pay well over the odds" and therefore set the market price at that level. Not the manufacturer.
Cheers for your extended time.......
Chris