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I'm with the OP... I've never known what's so expensive about a $400 elite system such as the PS3 with all the value it offers. I gladly paid $300 for a PS2 back in dec 2001 and I thought it was worth every penny. 6 years later I paid $400 for a PS3 and I think it's worth every penny. And I ask myself what's so expensive about $400 in dec 2007 versus $300 in dec 2001? Inflation adjustments would certainly prove $300 back in 2001 were worth quite more than $400 today, and I'm getting a lot of value with my PS3 versus the current direct competition in the market. I think $400 is a steal.