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Steve,
Very few people want a 289. I bet every company that makes a 289 model sells quite a few less of them than their 427 models. If I was offered an exact 100% clone of a street 289 or 4027, I wouldn't have to think twice! I bet the ratio of people who agree with me is probably 50:1 or better.
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Kris, I'd agree with you in the statistics, but more and more folks (I feel) as they have owned a Cobra (usually start out with the 427 SC) revert back to the original lines of the original car, myself included. I think as the market gets flooded with 427 replicas, you'll see more people moving to the 289 car for a unique approach to Cobra envy.