Bruce, I think you are dead on right. When the original Genesis came out, it was more expensive but also looked much more substantial than the super cheapo rickety one-burner junkers that were on sale next to them back then. As time went by, though, the off-brand competitors realized they could outsource production to China and bring in what
appeared to be very impressive "all stainless" grills with multiple burners and a lot of flash. And they could sell them for less - sometimes a good bit less - than a Weber Genesis. I think the Genesis Gold, with its stainless hood and more modern appearance, was a first attempt to stave off this tidal wave. Then the Genesis 300, bigger and with more stainless (and perhaps less quality - at least with the painted steel cart enclosure). Still, the price differential is probably too much for a lot of average buyers. I do agree that many just expect grills to clean themselves and when they get gunked up and a little rusty it is time for a new one. I am a little bit glad for that because I have picked up some really good deals as a result!
I wish the Genesis II would be made outside of Chicago like it should, but as I have said a few times, I do appreciate the positive changes I see in its design features. I was just looking at an old Platinum II on OfferUp. (Asking $500

but must say it appears to be a time-warp in excellent condition.) Anyway, the cart on the old Platinum II has what sure looks to me to be an almost identical vertical frame design as the new Genesis II. If it is true that they upgraded to 304SS, then I think it looks like a genuine improvement in design. Like Greg said, time will tell about the durability. If I was rich, though, I would be happy to be a guinea pig and give a serious look at the 4-burner special edition in black or maybe buy the LX black version and remove the doors, side and back pieces.
Jon