What do you need to make a success of high speed rail?
1. Faster than driving. That's the key. In 1973-4 when 110mph running became widespread on Britain's West Coast main line, that was the point at which taking the train up to London rather than driving became invariably faster, and a very wide range of towns got direct services to London. Pushing to 125mph and boosting frequency again, beyond 2002, didn't do much to roads; what it did instead was decimate the airlines, who dropped from an 80 percent rail-air share from Manchester to London (190 miles) to a 30 percent share.
2. Comfort. This is very important. If you've ever traveled in Britain and had the opportunity of comparing a 125mph diesel-electric multiple unit such as a Class 221 Super Voyager to a local hauled train such as the InterCity 125 with streamlined diesel locos at both ends of the train, you'll notice the IC125 is far better on a number of counts. The cars are straight-sided, so there's more shoulder room. The cars are longer, which is used for more legroom. There's more luggage storage space. And above all, the IC125 is incredibly smooth -- very quiet and an exceptionally good ride. With a Super Voyager, no matter what car you're in, you're being vibrated by a 750hp diesel that's directly underneath. I actually think Amtrak could be in for a nasty surprise with high-speed rail if they try to use something like the Super Voyager here. The multiple unit is fine for 79mph commuter running, but at 125mph the diesel becomes very intrusive in the cabin. That said, if they can produce a spacious, smooth and quiet running diesel-electric multiple unit at 110-125mph, I'd be all in favor of it. They're a bit better on power-to-weight ratio, have more redundancy against a breakdown, and should be a bit cheaper overall.
3. Connectivity. Stations need to connect with other public transport. Chicago's connectivity with the 'el is unacceptable, for example. Even LA is a bit iffy because of the odd way the rapid transit system stubs together downtown. The model you're looking to achieve is Washington, NY, Philadelphia or Boston, where you have convenient connections downtown and at several other places around the metro area.
4. Don't shy away from electrification. If dedicated high speed rail is to be a reality anywhere in the United States outside California, eastern Texas, southern and central Florida and the Northeast Corridor, it is essential that conventional lines be electrified first, so that future high-speed lines can tap into the existing network. The Midwest has France's population density but what it does NOT have is the density and concentration of population to support a standalone high-speed system like Japan's. Also there's no question that electric trains are smoother and quieter for the passenger, and cheaper and easier to maintain for the railroad. Also, the old chestnut about not being able to fit double-stack freight under the wire is no longer true; modern pantagraphs can handle wire as high as 25 feet off the track. Indian Railways are ahead of anybody on these high-reach pantagraphs, because of their practice of doing doublestack on a conventional flat car rather than a gondola, for better aerodynamics, lower energy use and shorter trains due to the containers being close to one another rather than having a substantial gap. So electrification is not incompatible with passengers and freight sharing track. And last, but not least, electric trains can be wind and solar powered. Diesel trains cannot.
5. Incremental. In most of the US, we have to build up the network we have first. That's the prerequisite for successful dedicated high-speed rail in the future. Just as it would be no good to have an interstate highway without feeder roads, it's no good to have an LGV-standard railroad without feeder lines.