The recent FEF-3 detail issues have really cooled any interest I would have in commiting to buy any new Lionel regardless of price, until after seeing the actual delivered product.
Sometimes I think people are seeing things that aren't there when in reality they are re-manufacturing the same previously tooled products. They just replace the electronics, upgrade the sound, and maybe add an extra smoke gadget. And that's ok, We get something we missed out on a while back and they can make a decent buck. (If it is done right or previous egregious errors are corrected).
This could be a good thing for something like the Niagara because we've seen it before. An actual previous positive example of this was the recent 4-12-2 re-release.
If they are going to restore some goodwill they are going to have to deliver a real winner. I think they're capable of it (Milwaukee Rd 261 comes to mind). I'll wait and see.