Not only is that well more than the iOS version of the game and its predecessor ($1.19 each) but, as Pasta Padre points out, it’s more than what you can pay for a new copy of the original game right now.
Remember, Vengeance is a sequel to the “Tackle Alley” minigame of the original Backbreaker, not the full title itself. 2010’s Backbreaker currently goes for $US13.99 on Amazon and at Best Buy, $US12.49 or less from Half (like new) (and $US17.99 at GameStop).
The Xbox 360 version of Backbreaker: Vengeance does look to carry a new gameplay mode, and it will be presented in high definition, and is playable with a standard controller, features that the iOS versions don’t pack, of course. That said, 1200 MSP is a smidge steep, and the price announcement trailing the release news by two days does not look good on its face.
The game releases on Xbox Live globally on June 29. A PS3 version will follow a few weeks later, but it will be available only in Europe.
Backbreaker: Vengeance Carries Hefty Price [Pasta Padre]