I don't think it's overblown. I think it's spending $500 chasing that "perfect" typing experience and all the different switches that is overblown. I spent $50 on a basic G.Skill mechanical keyboard with Cherry Red switches and it's great. It's cheap, and best of all, it's very simple and repairable.

When I spilled a drink on it and gummed up a switch, I popped off the keycaps, took out a few screws, pulled out the board, desoldered the switch and soldered in a replacement switch. Good as new.

My favorite feature? The cord connects to the body with USB Type-C so even the cord is easily replaceable. The raised keycap design is nice too since I can just blow compressed air under all the keycaps to clean it and there's no raised edge around the faceplate to catch it.