I liked the idea of this pickup better when I thought it was $250 and I could use whatever pre-amp I wanted. There are a couple in our classifieds right now for $50 and the Fdeck is always about $50, which would bring the whole thing in at around $300 vs $450 with shipping and exchange. But, we don't think it works without it's own pre-amp now huh?
Also, I've always wanted as few as possible failure points. A preamp, it's battery and the wires to and from it are all failure points, but if any and all of those things can be replaced quickly (on the way to a gig, overnight shipping from Chicago, etc), then it's risk that I think I could take on now. If the pre-amp craps out on me and the nearest replacement is in Germany, I don't like what that does to my gig logistics.
I was getting excited about this, but I'm starting to talk myself out of it now. For the record, I don't think it's overpriced. It's best compared to the Dyn-B, which has the same pre-amp dependency and costs a bit more.
I do think that Mr. Gage priced himself out of the market for other than top touring pros with the SoundClip. I think I would have tried that for $250 by now, despite expectations that it likely wouldn't sound as true as the Ehrlund. It does offer the fewest points of failure of anything, plug an instrument cable into it and go. Pre-amp or not, is your preference.