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Echoing what I said in another lockedd thread, by the time the Scorpio releases, the Pro will be even cheaper, and a year later, the Pro 2 will replace the original Pro as the 399$ console.

SONY has the edge this generation and they will NOT benefit from resetting the generation cycle to zero by releasing the PS5, so they will stretch it as long as they can, it's almost too convenient that MS is following suit willingly. (and Nintendo is paving their own separate lane at this point).

It's pretty clear where console manufacturers are heading, how the market responds remains to be seen though.