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Fair point - seen the Ultegra cheaper than that recently too, was under £100 for a pair - I picked my Record wheelset up s/h for about £150, probably wouldn't have spent full rrp on them, although that's probably because I didn't have that much to lob at wheels at the time. I do like the oversize axle & general layout of the internals though - nice hubs - that's pretty cheap for the Record hubs though, have seen the fronts on Merlin(?) for £60 - they sell the single qr's for about £30!
Never used the Ultegra but picked up a lightly used pair of DA 9000 hubs in January & they are rather nice - built up pretty light on Open Pros too with regular ACI spokes - the DA qr's are lovely but don't play nice with some steel cowled dropouts...
mcJ78
I like having £75 more than I like whatever Record brings to the party which Ultegra isn't already doing