The whole point of the Volt is to act as a stepping stone between gasoline-powered vehicles and fully-electric vehicles. Battery technology just hasn't progressed far enough for full EVs to be practical (case in point, Nissan Leaf). It isn't being presented as a car that can save you thousands of dollars a year, it's being presented as a way to help decrease our dependence on gasoline. You have to start somewhere.
Furthermore, have any of you ever bought a brand-new piece of technology for cheap? A 32 inch TV costs $300 right now. A year ago, the same TV or similar would cost $500.
The real irony is that people constantly bash GM for never releasing ground-breaking or revolutionary products...and the year that they start production of what is undeniably a technological masterpiece...they get bashed for it. Typical.
GM just can't win one, can they?