I think it'll be worth the money. One of the best cameras in the industry, guaranteed monthly updates (and yes, they're important -- don't fool yourself into thinking they're not), and a whole lot of intriguing possibilities with the Soli chip.
In regards to the price, keep in mind that virtually every other flagship phone has soared to these levels as well. Maybe it has to do in part with the US-China trade war, but I suspect the companies are also using that as a convenient excuse to raise the prices and just keep them there. Besides, given that the Pixel 4 will now be sold in all of the major US carriers, more and more people will be able to pay for it on a monthly plan that makes exorbitant prices seem manageable -- that's how they're buying iPhones and Note10's, after all. I don't recall anyone really griping about the monthly installment payments for those phones.
In regards to the price, keep in mind that virtually every other flagship phone has soared to these levels as well. Maybe it has to do in part with the US-China trade war, but I suspect the companies are also using that as a convenient excuse to raise the prices and just keep them there. Besides, given that the Pixel 4 will now be sold in all of the major US carriers, more and more people will be able to pay for it on a monthly plan that makes exorbitant prices seem manageable -- that's how they're buying iPhones and Note10's, after all. I don't recall anyone really griping about the monthly installment payments for those phones.