You may want to double check where you hear Pioneer Elites are going for $1,200-$1,700 as that is not realistic for a new unit...possibly a floor demo but even then. I say this as I stumbled upon a great deal at my local Magnolia where they had one new PRO-111FD left in the back which I got for $2,400---and that was a phenominal price on that unit (generally sold for somewhere around $4k with negotiation--$5k msrp)...
If you do a quick search online the cheapest I have seen the 50" models from last year (PRO-101FD) is around $3,400 and for the model I got the newer PRO-111FD -- $3,600. I don't know why my local store had the Elite priced as low as $2,400 as it is still listed at $4,500 on their website.
Nonetheless, my point being, you won't find a Pioneer Elite for the prices you mentioned---these were displays that were selling for $5-7k for the 60" models...