On one hand, he doesn’t really understand what the 200 is all about and what it has been designed to do. On the other, he’s not entirely wrong. I have 2 200s, yet I agree they’re too expensive. It’s over a decade old architecture and does not compare all that well at its current price point. The 4runner isn’t nearly as nice as the 200, but you can get one with leather and a locking diff/CRAWL for nearly $50k less than a new 200. A decade old 200 with low miles sells for what a brand new 4runner goes for.
I’m not saying the 200 isn’t worth it, and I vote with my wallet as you can see in my signature line. However, there is real competition within the Toyota lineup with the Tundra and Seqoia offering 90% of the 200 for ~55% the cost and the Tacoma and 4runner for 44% of the cost. The only similar story I can think of is the Mercedes G wagon which had largely been the same for 3+ decades, yet the niche aspect of it allowed for a huge price with little in the way of updates (and also sells in similar numbers to the 200 here in the US). When you look at the $120k+ price tag of a G550, the 200 doesn’t seem too crazy, but that’s an outlier for sure.