It's easy for all of us to lose sight of what these cars are, and we really don't have anybody to blame but ourselves on this site.
Even as we contemplate the meaning of it all, somewhere in the world a guy is coming across a car, or an ad, or an article in a magazine at Barnes and Noble, and thinking, "hmmm... Neat little car. Not ridiculously expensive. No rust issues. Simple/cheap running gear. What's not to like?" Two things happen at this point:
1) A car is purchased, and the guy is happy.
2) He finds this site, and reads what everybody ELSE is doing. This guy has a 2110 in his car. That guy has a 5-speed. THAT guy has a 911 engine in his car. WHAT? There are guys with mid-engined, water cooled, air conditioned "speedsters"?
And the mind reels...
My advice for guys new to the hobby is the same now as it was 10 years ago. Buy a car you like that you can't get hurt on- a nice used Vintage is perfect- to find out if this whole thing is for you or not. There are compromises that will need to be made whether the car is a clapped out home-build, or an IM/6. As different as they are from one another (and they are nothing at all alike under the skin), they remain "coach-built" cars, with some compromises. This truth cannot be escaped, no matter how much money a guy wants to throw at the "problem".
Every time I read one of these "hot button" threads, I shake my head. Everybody pees a circle around their respective tree, trying to validate their own decision in the eyes of cyberspace. Sadly, almost nobody (Thomas Edison, Steve Jobs, and Cory Drake aside) is building a revolutionary, game-changing mousetrap of any kind in their own garage (and especially not something as obsessed over as these cars), so the arguments are moot.
As it pertains to these particular toy plastic cars- to gain one thing, something else is given up. How much is gained and/or lost is a matter of perspective and taste.
I think I may have struck an almost perfect balance, but so does Dave M. and Hoss, and everybody else with a serious stake in their own car. For somebody else, the equation is going to be different. Baskin-Robbins makes 31 flavors for a reason.
If a guy wants "the essence" of an air-cooled flat 4 (and I do)- then he's going to have to know how to work on a few things, or be near some people who do. If a guy wants "jump in and go across the US" then he's likely to sacrifice a good deal of the "essence" of the original speedster. But, that "essence" is what drives a lot of guys away from this after giving it a try.
Honestly, I'd personally buy any one of about five modern sports cars (ranging from a Corvette to an Elise) before I'd buy a water cooled speedster- but that's because I work on my own stuff, and a BIG part of what makes the car for me is the air-cooled mill. I'd love a Porsche 6 back there, but I don't want the weight, the complexity, or the cost (says the guy with the $10K+ Type 1), so the line gets drawn there for me. But, the fact that I could've bought 4 or 5 of of Bob Garrett's cars for what I've got in mine (after all the "improvements") has to enter into the equation somewhere.
My recommendation? Buy a used air-cooled car (they're half the price). Don't spend more than $16K. Try it for a while. If you like the experience- THEN decide what you'd be willing to pay more for, and what you don't want to give up. That answer is going to be different for everybody.