In the past, pro-rail people have touted China's entry into high speed rail as the model we should use. Well, it turns out that the Chinese system is in debt to the tune of $300 billion, suffers in many areas from low ridership because of high fares, had to recently reduce the maximum speeds, and suffers from corruption. See
http://www.washingtonpost.com/world/are-chinas-high-speed-trains-heading-off-the-rails/2011/04/22/AFHzaNWE_story.html Why would we want to import that here?