However, as you say, the processing costs from the raw metal to a finite product are much higher for titanium than for most cheap metals, mostly because of its low thermal conductivity (which makes titanium locally hot during processing) and its high reactivity with the atmosphere when hot, which is why the products made of titanium are expensive.
It is unlikely that titanium will ever replace stainless steel in most of its applications, but wherever the lower density of titanium or its better resistance against certain chemicals give great enough advantages, I hope to see more titanium objects.
I certainly like the titanium frame of my reading glasses, which is extremely thin and lightweight, almost invisible, while being much stronger and longer lived than a plastic frame would be.