Seems like not a bad deal for a top of the range soundbar system which retails full rrp $1699 in Australia but US$1600 in USA.
From the listing:
770W & 7.1.4 Channels
Meridian Technology for exceptional sound
Dolby Atmos for realistic audio
Google Assistant Built-In to answer queries
Rear & Up-firing speakers included
This soundbar is probably a competitor with the Samsung HW-Q90R but I've seen a lot of reviews with issues with that system due to connection problems with the rear speakers. So I think this LG might be a viable alternative.
Had my eyes on this for a few weeks now. Good price, it has eArc and good reviews , only two HDMI input only though
Read somewhere that TGG commercial sells it for around this price too