If I'd put a $2.90 part on a design without a serious reason such as "the world would stop spinning if we didn't", many of my client would have my head examined :-)
Sure looks like it ...
I wouldn't either, and I really don't like BGAs. If it doesn't come in QFP or something then I typically won't design it in. Seen too much grief with BGA.
I guess you assume domestic production. That's expensive, even worse in Europe. But in China, very different thing. Many folks don't know, there was even one guy here in the NG who just refused to believe that 5% resistors would make sense anymore. They do, seriously.
And if you don't sequence them meticulously a $100 FPGA blows its lid?
Oh man, I am glad I am an analog dude :-)