I have no problem buying items at LBS knowing that it's a bit cheaper online, I often do. I support bike shops and I like seeing and trying things and not having to wait for them to arrive. Instant gratification. I am also confident that most feel the same way.

I do have a problem with LBS selling items MUCH more expensive than online shops. Like it or not, online shops are their competitors. If shops are unwilling to accept that fact and unwilling to narrow down the difference, then it's their fault. I'm certainly not going to lose any sleep over it.

Think about it another way, if you keep buying overpriced LBS items, then LBS will never lower their prices, driving more people to buy online. Are you really helping out your shop?