Overpriced maybe, but you'll have to say the same thing about the MBP as well.
The specs are more similar then different
Eh? The Apple Store is showing the 13" rMBP with 2.5GHz i5 (faster than the Pixel) 128GB flash (2x more than the Pixel) 8GB RAM (2x more than the Pixel), USB3 and Thunderbolt (the Pixel, bizarrely, only has USB2) for $1499 ($50 more than the Pixel).
The Pixel loses, significantly in every respect except that it has a tad more screen area and 100 extra vertical pixels (which is nice). Currently the $1199, 13" MBA matches or beats the Pixel in everything but screen resolution (and, from what I hear, is thinner and lighter). If Apple, as rumoured, is about to bump the Airs to retina displays then, game over.
...and that's comparing it with
Apple who are renowned for being "reassuringly expensive". Half-decent PC Ultrabooks are available for less.
If you want the advantages of ChromeOS then you might as well buy a Mac, stick Chrome in 'Startup Items', tell Gatekeeper to set its phasers to "kill" and lock up the admin password. It's not like OS X fouls its nest and needs mucking out every few months the way Windows used to.
However, I think I've worked out what the Pixel is for.
Chrome OS works well in a corporate environment - lots of good arguments for keeping all data and apps centrally and not having to maintain lots of individualised PCs with their own local apps and OS. However, if all the serfs have a $300 samsung Chromebook or desktop chromebox then
what is the boss going to have!? You can't have the boss driving the same company car, or sitting on the same chair as the plebs, can you? He needs his BMW, his $1000 leather office chair and his $1500 blinged-up Chromebook.