You know that 1110 hours is only a month and a half, correct?
Yes i do, but by the time you add in the cost of electricity, occasional down time, the designers profit margin etc, you are talking close to 6mo to pay for your ASIC chip.Which is why BFL is selling ASICs (for an instant profit) instead of mining with them for months to recoup their investment. Congratulation for logically deducing that BFL's business actually makes financial sense, therefore is realistic!
PS: will you promise me that you will write an apology, once I receive my ASICs from BFL in the next few months, proving that you were wrong?
https://en.bitcoin.it/wiki/Mining_hardware_comparison
Don't get me wrong, I don't want to be the "doom cryer" or a pessimist, I would LOVE to see ASIC products to be available for bitcoin. I just don't think it will happen. By ASIC i mean true asic, not FPGA conversion.