Yeah when consoles were cheap. PS2,DS, Wii, PSP were all pretty cheap. PS3 and 360 never got cheap, and we saw 0 legs from them, and as a result we get record launches for PS4 and XB1.
360 got cheap, it had a $199 sku as early as 2008.
PS3 eventually got that cheap as well with its Super Slim redesign but it was until 2012 or 2013 that it hit that price.
When the herd loses its way, the shepard must kill the bull that leads them astray.