Nothing Protects You Like Pam's Song!

Now, after saying that, I've never been one to afford white scrolls in the first place, and I've no intention of getting these or complaining about the prices. As others have said, the exchange rate is just about right.

This.

I like the pricing of Pam's Song. It means the people who will make "perfect" or "godly" equipment with it are the same people who could make such equipment with White Scrolls. They just have less hassle chasing down and haggling with whoever gached a WS.
The average scroller will consider Pam's Song as unobtainable as White Scrolls and keep doing whatever he'd been doing up until now. He will not be wasting NX and he won't be raising the bar for "decent" equips.

To be honest, I would have been happier if Pam's Song never got released. Especially right now after the 50% scroll exploit while they're still plentiful. But it would have been far far worse, both for the Maple economy and for most players' pocketbooks, if Pam's Song had been priced like Vega's Spell.