It does seem quite outrageous to be honest.
Unfortunately majority will most likely end up participating in the initial ICO regardless of how overpriced post-ICO tokens will become. Even if the purchasing agreement was solid, Tokens will remain lackluster at best until issues including overpricing are resolved at a later stage. I'm also beginning to think many are quite ignorant of the fact that EOS is in its development stage (preliminary at best) and we simply don't have enough data to analyze its immediate worth.
In any case, let's see what happens :)