Thermonicavenger, I have to disagree on why most TT mfrs go for belt drive - it certainly isn't to make it rich selling belts. And when Technics was selling its SP-10Mk2 in 1975 for 250k yen (the average monthly salary for the household head in the top-earning quintile of Japanese households in 1975), they certainly did not care about trying to squeeze out a few extra yen on the aftermarket (though they nicely provided with an upgrade path with the Mk3 a few years later).
Personally, I think most people who make TTs now are smaller shops who are built around working with materials rather than working with the electronics and/or motors, and frankly, I think it is because a lot of people got sucked into the 'smooth sound' of really good high-mass platter belt drives. Heck, I'm still a sucker for it.
The MicroSeiki designs are not terribly high-tech. They are simply very, very well-machined. And I agree, they don't make them like that anymore.
Are the old decks that over-hyped? People will argue that a good new Technics 1200 is better than the old decks any day of the week. Well, most of the tables (from the big mfrs) a rank or two down from the top in the late 70s and early 80s had better torque, AND better inertia moment. Some of the plinths stunk, but some were quite OK (though those decks are among the rarest). And you can get that technology now, with the original arm (which in some cases are really top notch) for not a lot of money. The trickle-down technology was ridiculously good (still is - most of the makers are still present in precision electronics (Technics = Matsushita/Panny, Aurex = Toshiba, Diatone = Mitsubishi Electric, Lo-D = Hitachi, Exclusive = Pioneer, and Kyocera and Sony are, well, Kyocera and Sony)) and as mikelavigne says, with a new phono stage, cart, plinth, etc, these compete with the best out there.
And Macrojack, I would be very surprised if you did... I don't think I've seen more than 2-3 people ever mention it :^)