I paid $1004 for my new AH dated Elite. It is a spectacular target gun, no doubt. If you want one for strickly target use, then yes, it is worth it. There are few guns in that price range that will be it's equal. Those that are as good, as accurate, usually cost much more.
It is not of suitable size for some of the defensive competition events, so I wouldn't advise buying an Elite for that, but as a target gun is is excellent.