I'm rooting for electric planes not because I prefer them over rail but bc I share your disappointment and pessimism about American railway. I much rather take a train but when Amtrak NYC<->DC costs as more than a plane, leaves from the same destination, and takes hours longer then flying becomes preferable. There are many route similar to this. Only legup that Amtrak has is frequency. If planes become cheaper hopefully airlines will afford more of them and offer more frequent flights. I dream of a constant stream of aircraft flying between destinations. But never underestimate greed, airlines will probably reap the cut costs and charge customer the same as before :/

I'm not sure the Midwest is the intended target, here. I think it's more suited to small, frequent trips like island hopping or trips to remote settlements.