Operator, you are moving your argument way past the OPs question (and putting words in people's mouths). The OP asked about Phil Wood hubs being used on the street with a track bike. No one's arguing that you are wrong or that other hubs match Phil Wood hubs in quality or durability. However, you are greatly exaggerating when you refer to hubs such as Formulas, Surlys, and Dimensions (Novatec) as being pieces of ****. They (and others) are good solid reliable hubs that are sold at a much more reasonable price. Any advantages that Phil track hubs have over these hubs (for street use on a track bike, to address the OPs original question) are going to be lost on 99.9% of the people that buy them.

Its also worth pointing out that Phil Wood product's aren't as flawless as people seem to think. I destroyed the bearings of a Phil bottom bracket in less than 1000 miles, whereas cheap no-name bottom brackets that I have have gone more than 10000 miles. You can find threads on BF and elsewhere about stripped threads on Phil hubs and other problems relating to Phil products. That is not to say they are not quality, but they aren't made of magic either. And they certainly aren't worth 5 times the value of other products that are 99% just as reliable (my opinion).