This is not surprising, it’s just that it’s now official.
In a way, it’s a microcosm of problems in military contracting. Had the specifications remained as they were at the start of the program, the helos would now be in service for less than was spent not buying them.
Unfortunately, Bush and His Evil Minions™ decided to gold plate it, adding plush carpeting, a bathroom, a kitchen (!), videoconferencing gear, for a helo that would take the president on short (less than one hour) hops to a secure location or Air Force 1.