i haven't built it yet, but i've been reading up on it; pretty soon i'm going to start seriously researching all the parts etc, i'll probably make a build thread to ask if anybody can see any glaring issues / make some suggestions on the parts i choose before i order. gonna build in hopefully a week or two.
for a maxed out pimeta (which i plan to build), you're probably gonna go over $60. the only difference i really know so far though between maxed and base is the double buffers though (not including things like using more expensive or cheaper caps, pot etc). also, this $60 figure most likely doesn't include a power source, either, so that would add another $20 at least (depending if you want to do wallwart + tread, regulated wallwart like the one recommended in this thread, or steps). as someone else suggested to me, if you're getting overwhelmed by the parts list you probably dont want to build a tread or steps since they deal with dangerous voltages. the jameco regulated wall wart looks like a good solution, and it's pretty cheap too (~$20). that's the route i'm taking.
edit - there's also the crossfeed circuit. could someone shed some light on that or point to a page that describes what it does? the page on tangent's site is mostly info on putting it together.