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I think my real issue is that as much as I'd love some 1200gram carbon American Classics or a set of Zipp firecrests, they would set me back about a grand then promptly get fucked by the first coffin sized pothole they hit.
Anyway, even with alu it's not all about the weight-well built wheels made from nice rims on light, well put together hubs that don't need their bearings serviced every three months are a joy to ride on compared to a set of Fulcrum/Shimano whatevers.
The problem with Alu wheels is over about £300 you have to spend £100 to lose 100 grams. £600 wheels are nice, but it can be hard to justify saving 200 - 300 grams over some £300 wheels.