Speaker systems and their pricing will always be a topic of hot debate because more than any other component they are open to subjective assessment within a limitless array of contexts. Full range speaker systems are not inexpensive to produce and the competition for sales in that limited high-$ market is fierce.
If there are brands that grossly over charge for what is delivered I do not believe they will have long term success. European and Asian markets can sort out the wheat from the chaff even more quickly than the US and without strong markets overseas there is little chance for prolonged success.
That Magico is bringing a new model into the market in this economy is a sign of health and growth. That does not come by accident or slick marketing campaigns. They have some good dealers supporting them in the US and Europe and those are hard to come by these days.
I've heard Magico speakers sound great in Europe M5's with Spectral in Munich and at Goodwins with Boulder-- and not so great at a past show (mini 2's). Like other brands they are probably sensitive to rooms and ancillaries.
People may knock them or love them, but I doubt their pricing is inflated based on their obvious build quality and normal import margins.

