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To put prices in perspective interesting article from Gamasutra ("Sizing up Wii U's price tag against history")

http://www.gamasutra.com/view/news/177337/Sizing_up_Wii_Us_price_tag_against_history.php#.UFKB6qBsRks

Looking at that "adjusted for inflation table", seems price is reasonable. And I wouldn't be surprised (nor would I mind) if next XBOX/PS are 400-450, if they live up to expectations.