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So the base prices of systems have been announced, but what is the real cost of systems?

  Wii U XB One PS4 Low end Gaming PC (Alienware x51 base model)

High End Gaming PC (Alienware Aurora base model)

Base System 300-350 500 400 700 1400+++
Second Screen Option Included Tablet or Smartphone 300+

Vita 250

Tablet social apps

e.g. Razer deathstalker keyboard with second screen 250
e.g. Razer deathstalker keyboard with second screen 250
Online Play Included 60/year x 5 years = 300 50/year x 5 years =250 no extra cost (some games charge per game)
no extra cost (some games charge per game)
Additional Controllers

Wiimote Plus 35x4 =$140

Pro Controller 50 x 1 =$50

$60 per controller

$60 per controller dual shock 4

PS Eye $60

game controler 40 to 120 game controler 40 to 120
Motion Control included in Wiimotes Included in Connect

Move $100 ish

dual shock 6 axis or PS Eye

e.g. Leap motion control $70
e.g. Leap motion control $70
Additional Storage USB 1 Tb $100-150

500 GB included

USB 1 Tb $100-150

500 GB included

Upgradable drives $100-180

included (1 Tb) included (1 Tb)
4 player setup with second screen, motion controls and online multiplayer (5 years) and 1 Tb game storage
590+ 1300+ 1180+ 1120+
Buy the bare Minimum 1 player Total 300 500 400 740 1440
Bare minimum with online multiplayer paywall (5 years) 300 800 650 740 1440

Edit: Some things updated, I added in suggestions from the thread

On a high end gaming PC the sky is the limit for prices so it is hard to spec that out.

XBLive and PS+ do come with free games that offset the paywall price somewhat.