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imo $400 to $500.

i really depends on what the rest of the hardware looks like. is it a better cpu? are they increasing the amount of RAM? UHD drive probably. how big is it (shipping costs a lot).

so yeah, i dunno. it all depends on what ms prioritizes. if it is just an xbox one with 6 tf than yeah sure,.. $400 is quite reasonable. if it is 6tf with a substantial increase in the cpu and RAM then probably not.