Well, to me the price isn't all that high compared to other "nice" knives that I've purchased over the years. I always thought that Spyderco's had a weird look about them, so they were never on my radar. But recently I was in the market for a knife with some specific characteristics, and the Spyderco Manix 2 LW looked like it would fill the bill.
I found the knife to fit my hand very well, even the finger choil. The pattern of FRCP scales aids in holding the knife, but doesn't hinder removal from the pocket like rough G10. The S110V holds an edge well, and it's not hard to get it extremely sharp. The CBBL isn't as user-friendly as the Benchmade Axis Lock, as it can't be operated with a single finger or thumb. And the knife is thin and light enough where it won't complicate your wardrobe.
The Manix 2 impressed me enough that I went out and bagged a PM2. It's an exceptional knife, but doesn't fit me as well as the Manix 2. However, I like the Compression Lock better than the ball bearing lock.
The flat grind and shape of the blades have grown on me. Really, it simplifies polishing to a very precise angle. And the Spydie Hole has really grown on me. After getting used to it, I like it better than a thumb stud.
If you're looking to actually USE the knife, pick out a Spyderco that has the features you want, spend the money, and live happily ever after. You made a car analogy earlier. So if you'd like the Lamborghini, but settle for a Nissan, you'll still be able to drive to 7-Eleven for your free Slurpie, but in the Lamborghini, it will taste ever so sweeter.