In Aus new releases are generally between 70-$100, that's why for the past year or so I have only bought older games under $30, with the exception of a couple of big release titles, this way I get the best value for money and enables me to grow my game collection.
Are games worth full price? Rarely, many games that don't offer longevity (30+ hours) or replayability and an enjoyable experience aren't worth it. There is a lot of good games out there but few are really worth the current prices.
If they need to charge 60 bucks in the US to make profits and keep studios open and the industry alive, so be it but I think they should experiment with different pricing models for AAA games to establish what the best price to charge is to make the most sales and profit.
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