Should've been 350-400. 429 is what, a 100$ off from getting the flagships? Whats the point at that point IMO.
Most flagships are over $600 off contract. So it's more than a $100 discount. Where I'm torn is the Optimus G Pro has better specs and it's $439 off contract. Of course those are two completely different devices and most people won't choose between a 4.3" device and a 5.5" device.
Size is important for some, not everyone wants a big phone.