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Historically speaking, videogames have thrived because they were inexpensive entertainment/hobby; you could buy the hardware for $100 to $200, there were tons of used and discount games for $10 to $20 (new games were typically $50 or less), the controllers were $20, and you saw all the benefits whether or not you owned a TV made in the past decade.

Microsoft and Sony expect you to spend $400 to $600 for the hardware, $60 for the games, $50 for the controllers, and you don't maximize your gameplay experience until you buy a $1,000 TV and pay $50 per month for online gameplay.

Even though many things about the Wii are uncharacteristically expensive, it looks down right affordable compared to the XBox 360 and PS3.