Value (including whether something seems like a "rip-off") is always a personal matter, depending both on individual financial resources and the amount of time/enjoyment you expect to derive from the game. For those players (and there are quite a few) who play only a few games and expect to sink 1,000, 2,000 or more hours into a single title, the investment you describe translates into pennies on the hour. However, if you are someone who plays many game titles, where sinking 200 hours into a game is a significant investment and you rarely sink more than 4-500 hours into any game, however much you enjoy it (because there are so many other attractive games to play), then the value proposition is probably very different -- in those cases, it can be very rational to defer buying a game until it is "complete" (2+ years after release?) and then only buy it from the bargain bin at a steep discount to the original retail price.