I think this is an exaggeration. One of the main reasons for the price is probably because of the poor yield. Another reason due to it being the fastest single card gpu out there. Do they make them having to charge a good amount tomake a good profit due to poor yields, or would you prefer the card not to be available? It gives people choices.
I fully expect the 780 to be a better priced card (due to less throwable bits during manufacturing) and probably just as fast as the Titan if not better.
I do agree that some of those slating them are upset as it's outside of budget.
Price is set due to nvidia always set high prices for maximum profit.
its milking everything out of it.
its not about yeilds or anything else, all about making money.