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That's the going rate. Don't forget, it takes the place of your air bridge. So if you were to buy a cold air intake and a high flow air bridge, then your in the ballpark.
Yeah, that 5 large has sort of held me up from running out and buying a hunk of plastic too. But the funny thing is, I'll probably end up doing it anyway! Mod fever ... after you become numb ... you have to feed the habit.
I bought one of these and they work great. I have seen them for sale in the parts for sell section before. And as for it being just a big piece of plastic, it's far more than then. If you have ever looked at one then you'll understand.