Bad deal and having worked in a school system full of iMac's, My knowledgeable opinion is they are as bad if not worse than a Dell or HP PC for 1/2 to 1/3 of the price. And that isn't even including the lack of ability to repair them on site, bad hard drive send it out to be repaired.
Protip: The 27" iMac* features user-upgradeable memory. Don't drop $$$ on Apple to upgrade the memory, just get some sticks from Newegg and do it yourself. Took (literally) 30 seconds to upgrade a Mac Mini to 16GB of RAM (from 2GB) for a price of $160 (vs $270 from Apple).
I may love the '90s, but I'm not going to pay 1990s pricing for a Mac. Say, speaking of the '90s, isn't Apple going out of business soon?
Seriously though, if you want this horsepower, go buy a MacPro3,1 and drop in two $149 Xeon's pulled from some circa-2010 server. The Mac Pro sitting next to me with a pair of X5355's and one-file Mavericks patch, concurs.
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