I favoured a more cautious approach, buying a Kees first, as I was uncertain if my interest in the theremin was a passing fancy. As it turns out, it was not. So now I am the possessor of an etherwave theremin, and a spare Kees, which isn't a bad thing at all. At my first gig I experienced technical problems with my instrument, but fortunately there was a second thereminist present, who leant me his. I doubt I would be so fortunate the next time.
As for the price, for someone who is used to the idea of taking out a bank loan to buy a travel case for their double bass, even a high end theremin is an absolute bargain. And I'm sure that the Yamaha YFL-874W (http://www.yamaha.co.jp/english/product/winds/product/archive/wooden/main.htm) is a wonderful flute, and will not make me a better player but will make it easier for me to play well, but when I tried to explain that to the folks at fluteworld.com (not the real one - a different, more allegorical fluteworld.com) that it would be wasted on me they got all snooty and directed me to wal-mart. I ask you - is it my fault I've been appointed court jester and it is actually part of my job description to "prance about in a foolish manner and tootle your flute"?
I think my point is that it is reasonable to alert a person to the limitations of a budget instrument, but not to presume on the requirements of the particular player.