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So. $300 on a contract is not a bad idea. $500 off contract probably won't be bad either as I don't expect PS4 to be much less, if any.

However, the always online DRM model will certainly be a defining item, unless Sony does it as well due to 3rd party pressure as I am 100% certain EA and others are pushing for this. This is exactly why Nintendo is losing EA support with Origin as MSony have agreed to this in some fashion and Nintendo refused. My speculation, but it makes perfect sense.

May 21st is simply going to be a small reveal and a narrow focus on generalities with a game reel and probably one big first party reveal. Not a new IP.... likely Gears related since Halo4 just came out.

I certainly hope MSony both price in the ~$499 area. Makes the eventual $299 WiiU, next holiday, a great deal.