Yeah, but I don't think it's so much the sound as the status symbol of just having one. There's certain pieces of standard equipment you just have to have to be considered as having a pro studio rather than a 'home studio' setup.
It's a bit of a drag, cause it probably is a waste of money. I'd have to do some serious a/b testing for a few weeks to be convinced that a mega $$$ Neumann mic sounds any better than the newer condensers coming out.