Absolutely not. WASD Keyboards has reputation for impeccable build quality, reliability, and support. The combination of MX Clear switches (somewhat rare), backlighting, thick steel backplate, combined with the build quality put this in the "you get what you pay for" category as far as I can see. The comparisons that this poster linked to aren't really comparable when it comes to fit and finish...apart from maybe the Filco, which is the exact same price!

It may seem absurd to spend $100+ on a keyboard to many/most people, but there's definitely a subset of people who really enjoy a nice feeling, reliable mechanical keyboard.