You can currently ride Coast Starlight from LAX (Union Station) to Oakland (Jack London) for $68. The downside? It's an 11 hour ride. That said, it's a rather comfortable 11 hour ride where you can get up, walk to the dining car, have a hot meal, watch the California coast go by, even have a bed (for a bit more money)... but it isn't fast. Considering how awful travel by air is it's almost worth it to take the train. Flying LAX-SFO is usually a 4 hour exercise in misery, so I'm thinking if they can get the train time down to about 6 hours it'll be totally worth it.
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