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Distant Star said:

499 will be the cheapest version. Factor in inflation 399 (2006)=449 (2013) and their has to be a decent gap between this gen en next gen in terms of pricing. They don't have to be bought by everyone right of the bat.

If 399 becomes the price, next gen will actually become cheaper then when Xbox 360 launched.

It has to be cheaper than last generation. The market conditions and economy has changed. Also if things were in line with inflation. Games would cost $100 plus DLC on top.