With great performance and a reasonable price tag, the Zenfone 2 enters the US market as one of the most interesting budget smartphones.
http://www.notebookcheck.net/Asus-Zenfone-2-now-available-in-the-USA.142733.0.html
The 64GB with 4GB of RAM model ZE551ML is $434, a far cry from cheap!
If you can find another handset with these specs below $500, then you are totally right. If not... I guess you're wrong.