Microsoft continues to show why they're out of touch with gamers. $499 is simply not acceptable in this day and age. The game selection's way too thin to justify gamers to invest in an overpriced console. It will do horribly in Europe and Asia, and will probably not do anything special in America.
Sony's been killing it because of Microsofts inability to read the market, and as things are going, they'll continue to be the industry leader.
From Gaf.