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I just can't see it selling anything noteworthy at that price with the PS4 and XB1s probably going for $200 or $250 + games/gift cards/extra controller this Holiday Season and the PS4Pro probably dropping to $350 with possibly a game bundled as well. At that price it's only going to sell to the hardcore Xbox users.

Flilix said:
Is this higher or lower than expected?

Depends on who you're asking. Lots of people expected $399 so it can compete with the Pro at a maximum level, but plenty of people also expected $449 or $499 or even higher. Digital Foundry/Eurogamer (the guys behind the Scorpio videos from 2 months ago) expected $499 back then.