That route, picturesque though it is, is also not remotely economically viable. The parts of New York state it connects to are very poor compared to the endpoints, and it just doesn't get enough passengers. New York subsidise it to provide those communities with some links. (A drive through more remote parts of NY can be really depressing, but the Adirondacks are amazing).
The simple reality is an improved normal speed train service wouldn't make a difference, but the cost to build high speed is ridiculous either because the distances are too large or you're in already built up areas.
I think it is a bit less nefarious than that. The simple fact is that there is not a whole lot of demand for these services. The major corridors are covered just fine (planes, trains and automobiles) and building a high speed train wouldn't really offer too much benefit and the cost would be astronomical.
I understand though that in the US planes and automobiles are considered viable alternatives to trains, especially considering the average distances between cities here, which tend to be much larger than in Europe.
High speed trains don't solve the problem the average worker has and never will. They do not spend nearly the time traveling the "jet set" does. The type of trains they can benefit from, both light and heavy rail, are localized and definitely not sexy.
Besides, as technology ramps up the need to travel for business goes down, let alone automated automobiles, electrically powered, and solar charged, will about end the need for trains except for cargo. US uses trains more than most countries for moving cargo.
In e.g. Berlin (for SXF at least), Frankfurt and Munich there's only the fantastically slow S-Bahn, with ride times around 40-60 minutes.
*the announced opening date of the new airport has been delayed by several years to the point where it's questionable if it will ever open...
-To my knowledge it's still a completely hypothetical technology without an existing proof-of-concept prototype, so it's unclear how fast it could be brought to maturity.
-Supposing it could be realized as planned it's still unlikely that the initial cost-effectiveness would be better than that of existing, alternative solutions such as the Maglev, Transrapid or even conventional bullet trains, which haven't yet reached their theoretical limitations in speed and efficiency.
An example: At an hypothetical average speed of 960 km/h (http://en.wikipedia.org/wiki/Hyperloop), the Hyperloop could traverse the distance between LA and SF in about 30 mins. For comparison, the current speed record for a TGV is 560 km/h, which yields a theoretical travel time of slightly less than 1 hour for the same route. I think it's questionable whether the 30 minute gain in travel time would justify the large amount or R&D necessary to make the Hyperloop a reality, let alone make this a viable economic undertaking. Of course this doesn't mean that it's impossible (it is not), just that I think it won't become a reality in the near future (but then again, people tend to be horribly wrong when making predictions about this kind of stuff).
It should surprise no one that it is less expensive to build a track which avoids crossing two mountain ranges--yet Musk compared the cost of building a hyperloop in the central valley to that of a building a conventional train from LA to San Francisco. When you compare apples to apples (conventional vs. hyperloop in the central valley), conventional rail comes out much cheaper.
As an example, I just took the Amtrak train from NYC to Montreal to attend PyCon (which is awesome!), which took all in all 11 hours to cover a distance a little over 530 km. For comparison, going from my hometown Saarbrücken in Germany to Paris (which is about the same distance) takes less than two hours (1:40h to be exact) with TGV or ICE trains. Arguably for the latter there is no border to be crossed (OK actually there is but none that is patroled) but still, this kind of makes you wonder why a high-tech nation like the USA doesn't have a similar system of high-speed trains in place, and I think that the answer has more to do with political unwillingness and lobbying than with lack of technology.
BTW, in Germany there once was an attempt to build a Transrapid (our version of Maglev that is deployed in Shanghai, developed by Siemens http://en.wikipedia.org/wiki/Transrapid) track to connect the Munich airport to the city centre (see "Munich Link" section in the article above), but calculations showed that the achievable time saving compared to the latest generation of ICE high-speed trains would be only 3 minutes, whereas the additional cost would have been around 3 BN €, which lead to the project being eventually ditched.