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ptofhearts said:
Can't Sony realistically release a new high spec console at U$399 or at the very least at U$449 7 years after they managed that with the PS4? Or is the PS5 really going to be unbelievably more powerful in terms of technology that would justify a U$499 price tag?

The part you are having problems with is the usage of the word "high-spec". The poll used "low-specs", "medium-specs", and "high-specs" as a way of categorizing the different price points.

More powerful hardware costs more money. Or are you under the impression that $499 is a price beyond the scope of what powerful hardware can cost (i.e., there is no hardware powerful enough to cost $499)?