That is a decent argument.
Craftsmanship is, by definition, never outdated - something superior is never bad. A fine example would be a Russian truck I saw a video on - it's a truck built by the USSR in the advent of WWII. It still runs. They dropped a car, smashed with a wrecking ball, set it on fire with a flamethrower, and then drove it into a pond.
And after all this, within a few minutes of mechanic's work - with nothing but simple tools - it was running!
As such, good quality is important.
The machinery approach is to produce similar work at lower costs per production, and at higher rates. I would argue that machinery can easily reproduce craftsmanship quality items, but the cost and speed are inferior to mediocre quality.
I sell electronics in retail, and let me tell you - people will almost invariably buy the $39.99 piece of junk to replace it in 13 months, as opposed to buying a $119.99 one that will last them forever. This is partially cultural, and partially a result of increased rate of obsolescency. Why become a crafts-mashine in something if by the time you perfect it, it'll be outdated?
At the same time, look at websites like Etsy
http://www.etsy.com (Shameless plug - my dear friend has an awesome shop there at colorbazaar.etsy.com !). Etsy is a website with handmade, very often high quality products. Some things there sell for $10, some things sell for $1,000, and are often worth it for the material and quality. And they sell well. People want craftsmanship. But more often than not, they want a good price. As mainstream economy has removed historical craftsmanship, Internet is a new ground for it.
To sum it up, would YOU pay $4,000 for your computer, if it never crashed?