Here are some options I have found:
The mercer train rack at potterybarn.com is $169. A definite splurge for a fancy towel rack.
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The Ashby train rack from Restoration Hardware is coming in at a cool $249, however it is currently on sale for less (and by less, I mean, still not affordable). 
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So, we head down to Stacks and Stacks, which carries a less lovely, but equally functional style for $18.99. 
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Then, you can zip over to Wal-mart and pick one up for $15-27, in several styles. If you're not into installing a new piece of hardware, you can just fit this expanding shelf unit into your current towel bar for less than $20, thanks to linens 'n things. 
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I guess it comes down to the budget. Ugh, the budget. "Budget" is becoming a four letter word to me. Then the question comes in, just because I "can" afford it, "should" I purchase it? Some of these home improvement shows have startled me when showing people improving their homes with no hope of return. Now, I get that a $200 towel rack is nothing to fret over, but a 35k kitchen might be. It all adds up . . .
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