Is there such a thing as an inexpensive PABX?

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Crankshaft

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It seems like the PABX industry is a racket!

Samsung, Panasonic, etc. all offer wonderful systems, but it seems the only way to get them is to enter into a long and costly contract.  I tried to get a cash price, but a figure of R14000.00 was quoted for a 4 line unit. 
It consists of a tiny PCB in a plastic case, a PSU with battery and 4 el. cheapo phones!

Surely there is a cost effective alternative.  I know there's Asterisk which one can run on an old PC, but I would prefer a hardware unit.

 
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