@Iggy
The Itanium processor was an epic fail, that's why it's only $2,000.
That would be a matter of opinion.
Personally, I thought the Pentium IV was a far bigger embarrassment to Intel.
The last Itanium models were introduced in 2012, and per MHz they still outperform X86 cpus.
This system is a bargain.
If I had a spare two grand, I'd snap it up and use it as a we server.