many nice, upscale restaurants in my business travels that make amazing steaks that are similar in quality to Ruth Chris'. Usually it's in a smaller, less well know place that caters to a regular clientele that appreciate an elegant and quiet atmosphere. Of course you can't go to an Outback or Texas Roadhouse and get near the same quality.
And most times the dinner was in the $45-$55 range for an amazing meal. I think because of it's name Ruth is able to charge a huge extra premium for what you get there. But they stay busy, so I can't blame them doing it.