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Vanilla had 14 slot bags as cheapies, 16 slot bags as craftables/rare drops, and 18 slot bags as raid drops/quests/epic craftables.
TBC had 16 slot bags as cheapies, 18 slot bags as craftable, and 20 slot bags as epic craftables and now a drop in MrT.
If Blizzard expands bagspace at all in WotLK, 22 slot bags are the logical extension of this pattern for best bags.
On the one hand, 4800G is a huge amount, but on the other hand, the bags probably won't be a waste at all. They'll take you through next expansion, probably until the end of that cycle when they need a new gold sink and allow 24-slotters.
I doubt anyone is going to buy these for their bank though. I find it hard to believe people wouldn't be able to shunt off some stuff to alts, or even just AH/mailbox juggle it, rather than spending 1200G for 2 more bank slots.
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