I think we'll see a $100 PS4 price drop either this time next year or during the summer of next year. I don't it will be later than that because I think the Xbox One will see a price drop within the year and Sony will want to counter within a few months to keep the momentum.
It is certainly possible that we see a $50 price drop (as well as possibly a new 1TB model) sooner so that could throw things off.
Personally my plan is to wait for a price drop and then buy the 500 gb model and just swap the HDD right off the bat. But that will only happen if enough games I want are out once the price goes down. But I'm confident that will be the case.
Bet with Adamblaziken:
I bet that on launch the Nintendo Switch will have no built in in-game voice chat. He bets that it will. The winner gets six months of avatar control over the other user.







