These are for people wanting the convenience of prepainted plastic, period. If you're lookin' for Golden Demon/award winnin' paintjobs, well, they don't seem to come unless you're a painter, and they may not be for you.
I'm quoting your post because it's easy, please don't take these comments as directed to you.
I don't think people who are looking at buying PPM's are looking for Golden Demon quality. Just competitive market quality. D&D Minis (I'll lump all WoTC minis like SW in there), Heroclix, AT-43, and Battlefield Evolution are the PPM's I'm familiar with. If I were to compare pictures of those miniatures from the company web sites, to the pictures of LE miniatures posted yesterday, I would not hesitate to say LE are the lowest quality. They are also the cheapest, and the only ones of their genre that are not collectible.
Reaper will have a go at these, as it's now a part of their business. If sales plummet, or they don't take off, you can bet they'll re-evaluate and start again.
I think that's what these messageboards are about, for Reaper to hear feedback from their customer base.
One thing I'll add is that having seen the prototypes in person, the casts are really quite impressive. You wouldn't know they weren't metal if they didn't weigh like plastic, which is far better than you can say for the other miniature lines I mentioned. Unfortunately, for presentation, the paint job is really what counts for 90% of the sell factor.
I know quite a few people who have very high expectations of this line, and are tired of paying collectable mini prices for D&D minis. Sadly, I'm not sure if they'll be sold on the line based on these previews.