I remember before I got my Jem, I had a lot of same thoughts about it. I knew they were supposed to play great, but I already had a couple of (cheaper) Ibanez guitars, and I thought "How much better can it really be?" Then one day, I happened to be in Guitar Center and a 7VWH was sitting on a stand at floor level, so on impulse I picked it up.
Literally within 10 seconds, I knew the Jem was something special compared to a standard Ibanez. The neck just played so effortlessly, the four scallopped frets which I'd questioned the need for making those high notes just that much easier to sound out properly. After just a few minutes, I had to set it down as I almost dropped the full brand new price of the thing on the spot and I really couldn't afford to do that at the time!
Within a month, though, I found my 7VSBL on the Bay and picked it up for $950 with a UV1000 case. I love the guitar and consider it very much worth the price I paid. For me, at least, the cost of a new one is a little much, but if you can and want to spend that kind of money on a guitar anyway, there's many worse ways you could go.