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PullusPardus said:

 wasnt Ps2 cheaper than xbox and GC when they came out?

Well, I see other people have already answered the question, but there's always place for some comprehensive charts:

PLATFORM LAUNCH PRICE BUYING POWER CONVERTED PRICE A2600 (1977) $200 $3,71 $742 INTV (1979) $300 $3,19 $957 CV (1982) $175 $2,30 $403 A5200 (1982) $270 $2,30 $621 NES (1985) $200 $2,05 $410 A7800 (1986) $140 $1,98 $277 SMS (1986) $200 $1,98 $396 TG16 (1989) $200 $1,79 $358 GEN (1989) $190 $1,79 $340 NG (1991) $650 $1,61 $1 047 SNES (1991) $200 $1,61 $322 3DO (1993) $700 $1,52 $1 064 JAG (1993) $250 $1,52 $380 SAT (1995) $400 $1,44 $576 PS (1995) $300 $1,44 $432 N64 (1996) $200 $1,41 $282 DC (1999) $200 $1,32 $264 PS2 (2000) $300 $1,28 $384 GC (2001) $200 $1,24 $248 XBOX (2001) $300 $1,24 $372 X360C (2005) $300 $1,13 $339 X360P (2005) $400 $1,13 $452 PS3B (2006) $500 $1,10 $550 PS3P (2006) $600 $1,10 $660 WII (2006) $250 $1,10 $275