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I'm in complete agreement that $400 dollars is the highest they should consider releasing the PS4. I bought my PS3 for $420 in October of 2007. I bought it on Craigslist from a guy who had bought it 3 months prior only to go for the Wii. I think I got the better deal of that trade. It's still alive and kicking.

$400 dollars, not accounting tax, is a much as I'm willing to pay for a new console.