@PaulRivers
I agree with your analysis, but it's not apples-to-apples with these models. I bought the Camry hybrid, and it has upgrades in it that, if they were put into an LE, would reduce the cost delta by roughly $2500. Add into that the tax credit (reduced by the AMT), and you're getting closer in price. Granted, the tax credit no longer exists.

Finally, the Camry Hybrid is rated at 186 HP, ~30 more than the 4-cyl LE, giving me 6-cylinder like acceleration. Many people are willing to pay a premium for a 6-cylinder. In this case, I got a 6-cyl equivalent, with some extra goodies, AND 40 MPG. I'm happy.