At $59, it's on the far side of what I'd want to pay for such a system. However, I would pay it.
One thing I'd like to see is a way to build custom invoices. I have a very specific, and fairly unique, invoice design, and would like to hang on to that. Switching to a generic invoice layout might be a dealbreaker. I know that's a lot of work though -- sorry for adding on to the "please do this!" pile.
my company's invoices that are generated through corduroy have a neat faded background image and logo.
I do think you might have a chance to target the web startups, like the users of YC news. But these companies are cheap, so you may need to give me at least 1-year free trial so that I can see your app carry me through a tax year. Then I wouldn't mind $59 a month. But then, most web startups die in a few years. Well, it's just tough.
looking over that list of accounting packages, nearly all of them are just invoicing and/or project management applications. corduroy adds check writing, online banking integration and transaction history, as well as customer login support.