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Well, money does loose its 'vallue' over time, consider the fact that in 1950, if you had 1 million USD, you was as rich as a person could get. It was hard to come to make such amount of money, ant it could buy so many things...now, 1 million USD is NOTHING compared to what some people, PEOPLE!!, can made nowadays.... so back in the 90's a $299,00 PS1 want cheap. It was affordable, but not cheap.

OT: I dont see Sony going all new tech on PS4. I do see evolution, as in evolved/upgraded CELL, obviously new GPU, more VRAM and such.  SS HD, if they do become cheaper and have more space (wich they will) by the time it lauches. These king of specs will made game developing easier, for the PS3 developers wont see so much difference in doing it, only more 'space' to play. A win win for Sony, since it hit them hard this gen, both price and development wise. Faster BD is obvious as well, since Holographic discs will still be to spensive, and BDs with hundreds of Gigs will be cheaper by then.

So, evolution will be the word to the next gen, wich in  itself isnt a bad thing, IMO.