Yup.
price is a part of value, and there are only 2 AAA exclusives.
Don't get me wrong I love the system, but it doesn't have the perceived value of something like the Wii, which has everything going for it including the style and social desirability/status symbol value.
Just like Xbox Live, the perceived value is redonkulous. But that doesn't mean it is justified. Some things are justified, some things aren't.