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The economy has changed, and people have more money, and.... well the consoles need some serious CPU attention. That will cost $$.

Still with that said, $400 is the sweet spot. But I see a $500 price point more realistic in the time of 4k and 60fps as a next gen requirement. And I would not be surprised by that time 8K was the new standard making its way through the industry and another midway upgrade console come out like the Pro/X did this gen.