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At that rate they'll run out of bad chips and have to start using good ones, but economies of scale may make up for it.
Also the company is reportedly working on a 12GB model for next year. If they can hit the same price that will offer a worthwhile bump in capabilities; 8GB is a bit restrictive even on a Mac.
It's a single-board computer for embedded projects like the Raspberry Pi. With an MSRP of $209 for the 8GB model, it's 60% more expensive, but it's also 60% faster for single-threaded tasks, and 200% faster for multi-threaded workloads. You can get models up to 32GB, but it becomes distinctly uncheap at that point.