Is releasing a $400 plus console a bad Idea?

[KHlover]

Chark said:

KHlover said:

They shouldn't be dirt cheap, but they also shouldn't be too expensive. Starting into the Gen overpriced to reduce the price each year seems to be a bit sketchy for me...

Until recently it seemed the normal sentiment was that new consoles should launch at $299. Now more reasonable minds are debating the idea and I think $400 is the real target for Sony and Microsoft if they can manage it.

$400 really is the price to go IMO. It seems most peope (me included) are not willed to shell out more than this on a new console, no matter how fancy it is. Everything over $400 just makes me want to buy a PC instead...