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Yes, That is on cdg. And no I didn't spend anywhere near that much, but I did spend quite a bit to get there. At last count I have about 14000 unduplicated songs. I amassed this greta collection by buying out some local KJ's and shopping very wisely on ebay. Every now and then you can pick up a good sized collection for a decent price and I don't mean pre-loaded hard drives either. I picked up both foundation sets for about 600 USD a couple months ago on ebay. My most recent steal on ebay was Chartbusters essential 450 #3 for 69 USD which comes out to a little over 2 dollars a disc. Wise shopping can go a long way in building up a collection.
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