First manned flight of the 70-metric-ton version in ten years? At a cost of $41 billion? Took less time to get from Freedom 7 to the first manned Moon landing, although they did spend more (the total cost of the entire Apollo program would be about $130 billion in today's dollars)

And yes, this is mostly a NASA employment program.

As a comparison, the Falcon Heavy (about 53 metric tons to LEO) is scheduled for a first launch around 2013 or 2014. They have spend around $500 million so far, but the Falcon Heavy will add to that in the future.

Another interesting note: SpaceX has spent about the same amount of money to get to where they are now (launching a man-rated capsule into LEO and recovering it safely) as the solar power company Solyndra has wasted.