You seem to be leaving price out of you comparisons BR. Not sure how you can say it can compete with a Prado for example when I could go buy a new base spec Prado (Just - if I was in the market) but I'm still shy $20K for a base model Deefer (Can't afford that at all). That's a big difference and while the Deefer may be 'Value for money' in your terms (I don't think so personally) - when it comes to someone laying down their hard earned, that $20K will make a big difference.
As 101RS said - I think it is mostly competing against other models in the LR line up.

