Maglev is much more expensive and the trains cannot run on the existing network. It is worth the small cost difference between building a 125mph railway and 250mph (about 10-15%). At best HS2 using Maglex would cost 50% more. The Tokyo - Nagoya will travel at a maximium speed of 314mph but use 4-5 times as much energy. The Shanghai maglev operates at conventional speeds because it is not cost effective to run at its full speed.
The energy costs of running a train are fairly minor though.
The Shanghai maglev is an incredibly short route, where increasing the speed would make almost no difference to journey time.
Acceleration would still leave normal trains in the dust even if it was limited to 'only' the levels attainable by tube stock, just continuing to 500km/h.
As to the 'lack of direct trains' argument, does it really matter if Scotland passengers have to change trains at Wigan if you can have a train from London reach Wigan in ~40 minutes?
The argument that direct trains are worth such an enormous time saving is absurd.
Never mind the journey times to most destinations would be so short that an Metropolitan line layout could be used for Birmingham services without passenger comfort difficulties.
Old Oak Common to Birmingham airport would take you less than 25 minutes for gods sake. On the tube that gets you from Euston to Tooting Bec.
A 400m S8 formation could load 3000+ people, and whilst it has no nosecones those only extend 30 metres, it still has a capacity of at least 2750 or more.