I didn't really get the hype with Wagyu steaks, until I went to a restaurant down in South Australia (The Barn @ Mt Gambier for those wondering).
I had the best steak, I've ever had. It was a beautifully cooked medium rare wagyu eye fillet.
Apparently they have a local farmer that sells them a small portion (I assume before the majority gets shipped around the world), and they sell out of it every week.
Price was great too, only $50 - I would have paid $100 no worries.