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It will be super massive! It will put gaming 100% into the mainstream, (positive) media attention will be on par with or very close to music and movies and completely break away from virgin dungeon master and slacker stereotypes (though I think it's already done that actually).

Gaming will be pretty much the same price as today or cheaper, the big 3 know the worlds economy is camel shit so they won't be taking any huge risks such as launching a console at $600, I think emphasize on digital distribution could make things cheaper (look at steam) but it all depends on what microsony (and possibly nintendo with WiiU) do with pslive, how open it is and how much it costs for devs or publishers to get stuff on there etc.