I don't know about overpriced. I mean, I just got a $40 Android stick with equivalent CPU power but better GPU power (HEVC decoding) than this refreshed Pi. Plus this Pi platform will stay stagnant for years while Android boxes are refreshing every three months.
The Pi rules internationally where it is hard and expensive to get modern tech. I have never understood why an American would want one for media though- in every way it is inferior to a 2010 ION rig. Heck even the price is close, I got a ION2 box for $40 off Ebay recently. Nothing with a A7 CPU is going to run Kodi with a decent video library at acceptable speeds. The Pi guys admit to me they top out around 1000 movies, just like every ARM device I have touched outside my iPad Air 2.
When we have A8X level SoCs in these boxes is when the fun starts.