If I remember correctly, before Derann closed their doors, that price or perhaps a little more would get you a full-length Disney feature.
JAWS aside, for $350 - $400 you can get 16mm full-length prints, unless it is one of those blockbusters that everyone wants. Luckily, my tastes lie mostly in the b&w classics.
I know it's not going to happen, but to keep the hobby alive, someone needs to manufacture a new Super 8 projector, with spare parts available. We do our best to keep our 40+ year old machines in working condition, and I'm thankful that belts are still available. What happens when belts are no longer available? Do we go to Home Depot and buy O-rings and cross our fingers? Do they even make O-rings the size of take-up belts for the Elmo ST-1200HD?
I've already had the bad news earlier this year that the BRK exciter lamps for my 16mm projectors have been discontinued. So I bought 3 spares for reasonable money. Then I read people saying those BRKs have a "shelf-life", yet I've never replaced one on my 16mm projector that I've had over a quarter of a century.
I converted some old 8mm machines to take halogens, but it's hit and miss getting a decent screen brightness. I was surprised when a 250 watt halogen produced a dim light on the screen, but then found out that it was too close to the gate. Too dim to be of any use at all. So if a lamp is not specifically made for a projector, you are often SOL. I hope the EFP, ELC, and EFR lamps stick around a long time.
Films will always be around, but the equipment to project them will become an issue. Whether it becomes an issue in my lifetime, I don't know. People were sounding the death knell for cine, and Super 8 in particular, 20 years ago, and here we still are.
I'm also thankful for companies like Van-Eck. They don't have every part for every machine, but they've done a great job of making the parts that break or wear out for the most popular machines.
Should someone actually make a new Super 8 machine (and I know it will never happen), it would probably cost so much that most people would pass on it. And V1 will have issues, then there will be a V1.1, then 2.0, etc. No one in this hobby will go for that, for the simple reason that money does not grow on trees.
Although I've never had a machine serviced by anyone but myself, I know there are people out there that are experts. But I hear that some of the best have retired, and they are in the U.K., anyway, which would be cost prohibitive for me, since I'm in the U.S.
Well, I've gotten off-topic, but since I started the thread, I guess it's ok.
Anyway, it's great that new prints are being made, but I for one will never be in a position to support it at those prices.