Guys why do you need to bring out definitions. He is clearly talk about the price point only not so much we don't need it in our lives. We don't need anything except for food and water if you want to break it down to bare essentials.
Back on topic. I think price is something that many people consider in a gaming console. It isn't as cool as owning an iphone or galaxy s or a tablet where you are shunned upon by your peers for not having the latest model. Or the pressure to go out drinking on the weekend spending $100s.
Gaming is a niche and until it becomes mainstream essential in social status there will be no pressure to spend $400 on something most of us don't have time to play.







