Yep, 1,200 feet. I misremembered that one!! It also requires a Letter of Authorization confirming that the intended operation area is considered uninhabited.

My points remains the same however, that is seems logical that we as modelers would not receive more liberal limits than the regulated sUAS does. My opinion is that the major difference between recreational and commercial/civil is going to be that they will have higher training standards and aircraft certification requirements than we do. It would not surprise me to see a stepped altitude cap as well for us such that if we want to fly in the middle of nowhere we would have fewer restrictions. As you say, the closer we get to things the greater the restrictions will be.