From [0], the only model under $1600 is bizarrely discounted 45% from $2849, which I assume is a limited-time offer.
The lowest-end model costs $1959, and is pretty meh: 8GB RAM, 256GB SSD, crap 720p camera.
The higest-end model is also strangely 45%-off discounted, but runs $3769 regular. If the Framework 16 ends up costing $2500 (or even $3000) for a reasonably-spec'd setup, I think that'd be pretty fair, especially given the configurability and upgradeability. If you don't value those things, then you probably shouldn't be considering Framework in the first place.
[0] https://www.lenovo.com/us/en/p/laptops/thinkpad/thinkpadt/th...