Yeah this is going to be well over $400 day 1 for most people I'd have to think
$300 - system
$60 - Zelda
$70 - Pro Controller
One other major hidden cost people are overlooking is the need for an external SD card. The Switch launches with 32GB built in. Even phones and tablets come with more. In this day and age for game consoles (especially a portable HD game console), 32GB is pitiful.
You can add another $50-$100 on to your list for a 252-512GB SD card if you want to have any games or patches on your system or buy literally anything digitally.