If they delayed a year and launched at $600 again, then history would repeat itself. If they delayed it a year and launched with the current price scheme they would be doing a ton better. If Nintendo has taught the video game world one thing it is that a handful of the best games ever made will not win a console war. If their franchises couldn't save a console, I don't think any really can. Third parties simply won't stick around long enough to make it happen.
I suspect that we have stumbled upon the entry point for the hardcore gamer. The mass market price is clearly around the $200 mark, but the hardcore seem to have an upper limit as well. $400 is starting to look very much like the sweet spot to get the hardcore to start snapping up the consoles. With a cheaper launch you would not have all the negatice hype and stigma that haunts the PS3 to this day. I don't think it would be rivaling the Wii, but I firmly believe it would be beating the 360 in weekly sales if it had started at $400.
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