I'm really not sure why it's so expensive but I suspect Nikon thinks you've already bought the D4 so why not raise the prices a bit more ? I'm deducting a star because of the price. Regardless of the price, this device is really usable. I used it last night while filming my daughter's talent show at school. My son sat next to me with an iPad and we could quickly review photos on the big screen while I took each shot. The last photo will automatically appear on your iPad a few seconds after it was taken. You can either join an existing Wi-Fi network or, as I prefer, set up a peer-to-peer network for your iPhone/iPad to connect to. without being dependent on an existing network.
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