Heavy? I'm not sure I would agree with that, completely. As someone who has done a lot with aluminum (2 all-aluminum R2-D2s!), the material size isn't really what I would consider very heavy. When I think of printers, I am thinking of the HP and Ricoh types I work on all day at work. Strong, sturdy and able to handle the stresses the internal components create.
There are, of course, other materials that could be used. Lexan comes to mind.
For me, it is all a matter of appearance. The Replicator and Solidoodle brands are metal and while I feel they are way inferior to the Ultimaker, I would really like a metal version. Yes, I know I can paint the wood and ignore the burnt edges of the laser cutting process. But again, I think a metal version would look pretty amazing. (And I didn't mention anodizing or polishing the metal to a mirror finish :-P )