While this is nowhere near the inaugural flight, I priced LAX-LAS in July on Ted (incidently ual.com says Operated by United for Ted) at $134.00. When I checked SNA-LAX-LAS on the same flights plus EMB-120s, it priced out at... $134.00!

Now THAT's a competitive price, compared to what I've seen on mainline UA SNA-LAX-LAS in the past.