According to Wilson at the Shot Show, Caspian, not Jericho, is now supplying the frames. So, they are not made from the same parts.
Over priced? Maybe, maybe not. Wilson stands behind their products very well. You may pay a premium price, but I would not say that they were over-priced. I have a full-size and compact CQB and both are excellent shooting guns. I have more than 21K on the full-size and it is just 14 months old and it is my primary carry gun. It still has a very good slide to frame fit, the trigger is still crisp, etc. Aside from the rough Armor scuff, I am hugely pleased with it. My full-size was apparently made during a period when Wilson had some issues with the Armor Tuff mix. I have never sent the gun back in because the wear on the finish does not appear to be compromising anything on the gun and it isn't rusting or anything like that. Personally, I am not worried so much what the gun looks like as to how well it works. My compact CQB's finish is just fine, although I have only about 4000 rounds through it and it is carried only part time.
If you want to talk about over-priced, check out Colt's remake redo retro replica Series 70 with mil-spec sights, not lowered and flared port, plastic MSH, no checkering on the front strap, etc. that go for $900 and more. Colt's absolute most inexpensively made 1911 sells for a truly inflated price.