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So a swiss newspaper did some article about the development of GoW A and i found this part to be interesting:

Rough translation
"how much the developnet of a game costs is usually not disclosed. However lead producer of God of War Ascention  Whitney Wade said that they invested a medium sized doubble digit amount of millions. Meaning the development of the newest GoW game cost about 50 million dollar.

The 50 million statment comes from the newspaper. They seem to have interpreted "medium sized" as the middle (it is a newspaper that is known for bad jurnalism after all). So take it with a grain of salt. Still according to the statment dev costs probably were betwen 40-60 million dollars.
So what do you tink? to expensive? to cheap?


Keep in mind that UC and Havey rain apparently only cost about 20 mil dollars.