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I think the ps4 wont cost that much, like alot of others have said , they only really need to upgrade a few things bigger hardrive and ram the graphics are fine at the moment and haven't been fully unlocked yet and by the release of ps4 the hardware in it will be cheap, they xbox on the other hand is in for a shock

it will have to be more powerfull that the playstation 3 is now , no point in making a console weaker than a last gen, and it will either need blue ray or another format of disc because games are getting bigger and more detailed which would also lead to a higher price,or it will have a massive hard drive to intsall them on but they already over charge for a 120gb now i can see next xbox being very expensive