Apple Releases Overpriced Camera Connection Kit for the iPad

Over the weekend Apple finally made the iPad Camera Connection Kit available for pre-order. The kit, which will ship “late April”, includes two connectors: a USB connector and a SD Card reader. If you use some other memory card, you’ll need to plug your existing card reader into the USB connector. So how much do these connectors cost? A mere $29 plus tax.

Any guesses as to how much it costs to manufacture these little connectors?