Value is in the eye of buyer. I for one would never spend $1000+ for a PJ or Sneaky Pete/Hustler cue. NEVER! If I want one of those I will got to Pechauer or Joss thank you very much. They make great cues of that type for under $300 and I can be completely satisfied by the quality. Having sold dozens of those brand cue models over the years, I know whats there.
There are plenty of great hiting cues that can be gotten for between $500 to $1000 from Schon, Pechauer, Jacoby, Joss, McDermott, and Viking and even used Nova's. They all offer great selection of designs, quality construction, and a good hit. They all in my book offer a tremendous value to any pool player who is a beginner to intermediate level player. They generally all provide good quality customer service. What more do you want there?
When I spend over $1000+ of my money then I begin looking for what more I can get in terms of the combination of design, construction quality, and hit. At this point there are different levels of value based on who is making a cue and what the cue is selling for. And its all in the eye of the buyer. There is no right or wrong answer. If I had enough money I would buy everthing that I liked no matter who the cue maker was. But thats not possible, so you focus what dollars you can put together and get what you most desire at the moment. Hell I've been wanting a Richard Black cue since my college days in the 80's. Have not gotten one yet, but I still have a nice small collection of cues that I can be proud of.
At a certain level of high dollar cue the issue of Artistry comes into play into defining a value for a buyer. There are numerous great cuemakers that fall into this category, and alot of those names have already been mentioned in this thread. As a collector I know what cuemakers whose design style I like best, and when I can I will obtain cues of those cuemakers. What my choices are can be totally different from someone else's and thats perfectly fine, and there is nothing wrong with that. It's called variety, and it's the spice that makes life interesting.
The best thing this forum can do is simply educate future cue buyers as to the different levels of quality cue brands that are current, and what to expect at those different levels and among the different brands. And that's it. Because the final selection is the buyer's choice and no one can fault what that choice may be best for them.