The problem (for Amtrak anyway) is they don't own any track.
Back in Oct 07 oilBabe and I took Amtrak from Kirkwood, MO to Hermann, MO for a day of visiting wineries. The trip there was uneventful and we were patting ourselves on the back for the great decision to take the train. No driving or parking hassles, no danger of DWI, etc.
Day of visiting wineries, no actual case purchases, which is OK because you can usually find the wine CHEAPER outside the winery properties.
The return train is delayed to the station by nearly two hours. Then, the just over an hour train ride back to Kirkwood, MO turns into a three hour ride because we are sharing tracks with the freight lines that actually own the tracks.
So unless any high speed train comes with it's own dedicated tracks, it's going to be a pretty miserable experience. Why should a train be two hours late in good weather and take 3 hours to travel 75 minutes worth of track?
I've had enough Amtrak for quite a while now.
I don't think the lines are profitable, so this is likely throwing money away.
I'm sure we could use the jobs here in IL, but it's just waste at this point.
Turn Amtrak loose and let them be profitable, just like the banks, LOL.