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who the hell would pay to go through that?
I can imagine that quite a few would do this. If not at $4,600 I would guess the floor on something like this would probably be 2-3K. If you have the resources and you know that your chances are already good, why not? I would bet that you could also write this off too depending on your tax situation.

Would I pay for this? Probably not. Am I in a position to apply for a job at Amazon with a high likelihood of success, probably not.

The article mentioned that there are 4 current Amazon employee who came for the interview, considering (assuming they're software developer) their salary, I would say the price tag is probably justified. (Whether it's worth it or not is another story)
I guess the bigger question here is if Amazon is going to be cool with this practice for current employees in the long run.