For the $1,909 price per server: I followed the link to Dell's site and tried to configure the R515 for myself. I added the second processor and left it set to the worse one, added the cheapest 16GB memory option, the redundant power supply and rails. That was $1,999.
A single, 250GB HD seems a bit "lite" for a server, even for one that does mostly processing. I didn't look into the networking or anything. I'm guessing at least another $1k to make it reasonable, probably more like $2k.