I lose track because Colt likes to put their name on stuff they don't make...
I'm assuming (hoping?) that this is an actual Colt that is otherwise identical except for the nerd-length gas system, presumed alternate barrel profile, Centurion handguard, and Magpul plastic?
assuming yes, I think this thing looks fucking fantastic. Very modern, and appeases a lot of the want/needs/wishes of the market.
I figure to assemble similar you'd need a $750 OEM2, $60 MOE SL stock, $20 MOE SL grip, and a $230 Centurion handguard so I agree with LL's assessment that it should have a $1k street price.
Now just to wait and see how Colt fucks it up.