That's a fair call I suppose. I should point out that I did the 2 hole mod to my factory airbox a few weeks ago after coming across the walkthrough posted here on JC. I accept that the $500 ~ $600 is a lot of cash for some bits of plastic and a new air filter if you want the SS Inductions system and the 2 hole is MUCH better value for money.
However,
The intake on the SS Inductions is about the size of the back of the headlight - still far bigger then could really be achieved by drilling a 90mm hole in your factory part. Couple that with the high capacity filter included and I still believe it is better than the 2 hole mod. Can't notice much difference under foot to the 2 hole mod, but my fuel economy is already showing improvements. I'm having a dyno tune in the next few months , so we'll see how the numbers stack up (if at all). Not looking to start an argument with you QuIcKsV6, we're all entitled to an opinion, just try not to discredit someone elses findings mate.
By the way, I have my old box & filter (complete with 90mm hole cut) if someone is interested. Done 35,000K's, so in good nick.