Probably it will not exceed USD 499. I believe they will subsidized the price (thanks to the money they make on PS4). Also they will make more money on PS plus and can cover with that.   

I am fine so long as it stays under the 600 range.  Once we get above that it becomes a bit much.

Considering the balancing of the system and that the "sensible" configuration you were talking in other threads being over 399 cost I would say this one probaly cost 599 but will be sold at 449 at launch.

but its not the same market situation as it was during the PS3 era, made worse due to recession, Now a days people are willing to spend premium on useless gadget. buying $1000 phones every year, not to mention Xbox X showed people now will pay a premium if it delivers on power. 

I think 500 will be the sweet spot for a tech that will stay relevant for 3 years atleast. 

449 sounds more like a sterling price.

I am cool with 500

You know, I've had 3 active DS4's ( about to open a 4th as one had developed severe drift ), and although I have noticed some variance, I've never been anything less than totally satisfied with how long the charge lasts. I do have rumble turned off, which certainly helps, getting 10-12 hours out of my favorite red DS4. Agreed though. A bigger battery would be welcome.

I mean this was obvious ages ago. The BC thing from this gen to next was always going to be that the PS4 and PS5 ( same with Xbox One and Xbox Circle... get it?) will be built like PCs, just upgraded ones. It'll be about improving what we already have.

What I think they will do, and the generational change this is, is that there will be 2 types of console, a digital only no disk drive one and a full blu-ray as normal. The former being cheaper because it has less parts but has a bigger HD in it. This is the natural progression of the industry.

I expect it 2020, 7 years after the last which was 7 years after the last, which was 7 years after....

I think they aiming 499. Going above is a suicide.  With the psn and ps4 money (the PSN is making as much as whole Nintendo yearly) they can take a hit in the first year and subsidies the cost. I think its all in next generation as it may be the last generation (streaming taking over), and the one who wins take the most of the market.

The specs are important but what is really imprtant they left for the real annoucments:

-the controller

-vr

-portable strategy

-streaming and all the services

It was obvious ages ago, that the PS5 would use AMD again. Only AMD can bring a complete package these days powerful enough for a console (ARM, Samsung and Qualcomm could only for a handheld right now).

However, that does not automatically mean there will be backwards compatibility. It just means that technically, there won't be any problems to it like there were with the Cell. But it doesn't necessary mean that Sony will actually implement it. Keep in mind that they said in the past that BC was an often asked, but rarely used feature, so not sure if they really will implement it.

Don't expect an SSD for the PS5, that won't happen. HDD are still much cheaper per Gigabyte, so they will certainly use those to stay in budget. For comparison, a 2Tbyte HDD costs about 60$, a 2Tbyte SSD however around 250$ for the cheapest ones. That's still way too much for them to consider using SSD right now. Maybe in a couple years, but 2020 would still be too soon for an SSD to be worthwhile for them.