SeatBackForward
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I have no problem with that if paying commuter prices, but everywhere else I can think of (except BNE), they either use commuter trains to services the airport at commuter prices (eg ORD, the underground at LHR, SFO, SIN etc) OR use special trains at premium pricing. I can't think of too many places that have standard commuter trains at premium pricing (the closest I can think of is JFK/EWR where you have to pay $5 on airtrain to get to the standard commuter trains, but that's reasonable)
Not to defend the Gov't as I think te NSW Gov't has a lot to asnwer for these days..however, the premium is not for the trains themselves, but for the station access. You can use the train that goes through the tunnel and out the other end to the "normal" stations and you don't pay any more than you would travelling equivalent distances elsewhere.
The one thing the Train has going for it, is that in Sydney peak hour traffic, the train is more reliable to get you to the Airport.