Not sure about this. Sony haven't officially said anything. Its just "people with knowledge" says this. Might just be a way to make sure MS doesn't go too low.

I bought 2 ps3's at launch at CAD 650, bring it on. (2nd was purely for blu-rays since the ps3 was still cheaper than a standalone blu-ray player at the time)

US 499 would be CAD 650 again today, no problem. It's CAD 662 at today's rate but shops still like to round to the nearest 50. The XBox One X is actually quite cheap here at CAD 599 (Still US 499 afaik)

Anyway I hope they don't make last minute changes and put less ram or less storage in it to keep it cheap :/

The price could be the same, but it doesn't matter anyway . Because the diffrence won't be even matter if it less then 30% power gap. It won't be noticeable or super difficult to notice, unless you playing the games just to spot the difference. PS4 to Xbox One was around 40%, while  Xbox One X to PS4 pro around 43% difference in performance . 

You can be right , and everything are difficult to predict . We might have have an asteroids hit  earth next month and the world ends :P 

Yea or my current president could stop being such an asshole but we all know those two scenarios are highly unlikely to happen.

The virus will probably blow over in a couple months is my guess and then factories in China will return to normal.

Where are you from ? Every president are the same ^^

lol not always the case but seems to be the majority.  Like they say power corrupts.

So once all the Sony fans get all that power from the PS5...  I'm afraid to see what happens next.

The real question is: Where are the Chinese hiding the Zombies?

I mean, this virus outbreak has the exact plotline of every tv series currently showing or being made for US tv. A worldwide plague that instantly turns people into zombies is pretty much what we get from the studios nowadays.

As for the Bloomberg thingie: One line tells everything we need to know. In case you haven't noticed, it's the "memory prices went up" story line. Sony and MS have ordered their memories a long time ago. This stuff is ordered 1-3 years ahead of production start. The prices, delivery times, pretty much everything else were agreed upon at the time the contracts were signed and sealed. Those contracts are phonebook sized books that leave no interpretations (hoards of company lawyers make a living out of that). Let's not forget the first batches of memories are probably on the way to the fabs right now for production starts. Neither Sony nor MS cares a shit about what happened since with memory prices. If the prices had gone down, well, bad luck for Sony/MS . If the prices went up, well, bad luck for the fabs who get less money than they could have. That's the way mass manufacturing works. A fab will always prioritise a customer who can occupy a line at full capacity for a prolonged time. That is where the money is for a fab. It is an art for customers do fall in that cathegory with their orders to get good prices, and I'd guess both Sony and MS have ordered enough chips to be there.
If we had to speculate about things getting problematic (=more expensive), we could argue about the state of the SoCs. One more respin needed and the r&d bill would go up significantly.

Launching at $499 with a small loss for 6-12 months before it creeps to breakeven/slight profit seems the most likely scenario and I see the Series X will very likely end up the same, Only way $449 happens is if one (or both) companies are willing to take big upfront losses for the first 12-18 months.

It seems even at $499, Sony still take a loss