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On a serious note, im kind of amused how people think it's a "bubble" based on the high price, while if the price was lower they would apparently not think it was a buble.
And honestly, why not $200?
Shouldn't the developer be allowed to price the game as they want?
I mean, at $200 they would miss out on a lot of money since almost no one would buy it, but they should be allowed to price their product exactly like they want. So why would anyone get mad over the pricing, just move on to another game if you don't like the deal here.
Realize at $90 you're still buying the "CE" of the game. You're not buying what is the "barebones" copy of the game.
With that in mind, it becomes reasonable to see that its not an added $50 just for access to the alpha.
EDIT: Its also worth noting that there isn't really any confirmation the Galactic Edition will reduce in price from $90 once the game releases.
I agree with the OP.
$200 would be consistent with their arguments. It would allow them to raise capital, limit the alpha numbers and the price will drop to $40. No one is forcing you to buy it. Plus many of our kickstarters have paid this and we have to be fair.