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I've expected 399 since they announced it. This console isn't going to be as powerful as people think, 40% more than PS4 Pro isn't going to be a huge leap, after all thats very similar to the difference between XB1 and PS4 and they were very close in price and capability.

Even the Pro is only 100 more than a regular PS4 and the difference in flops is far larger. Microsoft would never consider something over 499 and considering this wont have a kinect bundled it'll be 399-449.

Pachter is right this time, but he usually is with the incredibly obvious.