Ah...makes sense. FPS is frames per second.
Sensor, processor, buffer, shutter mechanism...as Iron Flatline mentioned...
Sensor and processor will drastically impact image quality...This is the film of the digital camera.
Buffer...goes along with FPS. One time, I had a shoot where 50 dodge vipers flew past me... my job was to get a shot of each one of them in motion, with the background blurred. At the time I used my 40D, and I utilized the 6.5 FPS and the 75-image buffer. I simply would not have been able to capture that with my old Rebel XT's 3 FPS and much smaller buffer.
Shutter mechanism... the nicer cameras' shutter mechanisms are much better built than the entry level cameras like the XTi. I belive the XTi's shutter is rated at 50,000 clicks...where the 30D/40D has a rating of 100,000 clicks. It will simply last longer. Some in the 1D series have a 150,000 click shutter rating. VERY practical, especially for sports shooters.
I agree with you, but I see it in a different light. I have a an XTi. I bought it for the following reasons:
1) Price
2) Relatively great performance for the buck.
3) Cost if I damage it. I take my camera with me hiking, snowmobiling, dirt biking, etc. I fall. It gets crushed, wet, and abused. So far so good.
I know the more you spend on a camera, the longer the shutter will work. Problem is, how many max out their shutters before they upgrade? I know some do, but the good majority don't. For this reason, I don't think it's a very valid arguement for most.
I shoot action sports, and have yet to even require the continuous shooting. I know some use it, but I find you get a bunch of crappy pictures. I work on my timing and can capture most moments with precision. When I lend my camera out for buddies to take pictures of me, I find they don't use this same skill. For this, my buffer works good. The extra frames are nice for sequence shots though on fast subjects.
High priced cameras are built better. This is one thing I prefer. Better materials, better construction, and sometimes weather proofed. All big things to consider in my world.
With that all being said, I love my Xti. The ISO/noise ratio is terrible, but I shoot fast lenses and decent light so I don't have the biggest problem, however this is one of my main concerns, along with weather sealing.
I'll probably be looking to upgrade to the 40D in the future when the price drops a bit. Still have to look into it further, but from what I hear, it would likely be the last camera I buy for awhile.
Hope that information is helpful. Just a different view I share, which I think is more along the lines of what the poster is questioning. All depends what you want, what you need, and how much your willing to pay for it. Similar to most things in life =)