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While price was the primary factor. It wasn't the only factor going against the console. Part of what made the price of the console unpalatable to most consumers was the severe lack in titles. Which gave rise to the complaint that it didn't have any games. Further more it was the leading edge of a new format war, Which really could have gone the other way if Sony hadn't lead the charge, and bled cash to win a pricing war. I

By the way in hindsight that was pretty damn stupid, because it did more damage to Sony then it did good. Even today BluRay still isn't all that popular. With the rapid onset of cloud storage, and higher internal memory capacity. Chances are it will never come close to doing what the DVD did, and is still doing. Anyway I think Sony learned from those two mistakes. Their more conservative design will allow them to better court third party developers, and they seem to have held back enough first party development to have a solid launch year.

The biggest plus of all however is that they aren't going with whole Trojan horse scam. So consumers aren't going to be put in the place. Where they have to buy the product on faith alone. The games will be there to at least justify a purchase, and there probably wont be a lot of risk involved. Especially considering that one player is pretty muck locking in the bottom slot now. So people aren't going to be afraid about the prospect that they might be buying a failed console.