Considering the cost, that the current edition of Balam is handmade and that PlayMe editions are profesionally made i think that it is better to wait...
Great news! The game looks really really good! Which one to buy? Well, it depends on what you want! Are you a gamer or a collector or both?
I shelled out EUR49 + 28 (shipping) for a copy of Balam and it's handmade for sure. It's worth it's weight in terms of the amount of time spent on labour!
The compoents are as such:
Box: heavy weight box with the front cover pasted on (very well). Obviously printed off a photo quality inkjet.
Rules and play aids: Cover and contents printed on a colour laser. My english rules were printed off the inkjet and the player aids were laminated.
Tiles: There are 30+ terrain tiles and 99 (!!!) building tiles. That's ALOT of tiles to cut out. They are printed off the quality inkjet. However, it would have been better if they were laminated/coated as the colour has run off some tiles.
Cards: These have been professionally printed.
Dice: The dice has been silkscreened BUT it looks like it may have the problem similar to the first run of Doom dice (may rub off with time).
Pyramids: Looks like Icehouse pieces and of good quality.
Plastic pieces: Lots of plastic pieces that are similar to the orange ones in Railroad Dice 2.
In fact, there's a note in French that roughly translates that the game is handmade, like a piece of art, and contains inconsistencies with the pieces.
If you want a copy NOW, buy it. If not, you'll probably have to wait till next year's Essen. The components will probaby be different too!