Pyro as Bill said: 4 x 128gb is half that. Games? Nobody's making 512GB games anytime soon. That's 10 discs to install for Sony/MS or a lotta lotta internet. 512GB Hard drive the size of a 3ds cartridge for $160 sounds pretty reasonable to me.
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Maybe I'm confused as to what you originally, but you're definitely not getting that much memory in such as small form factor at only $160 in the next few years. Memory cards at that size are new, and not cheap. It's not just unreasonable, it's unrealistic. The cheapest 512GB SD card out right now is $290.