I'm positive this will do well.
The price sounds like a lot when you stack it next to $59 video games.
LABO is going to compete with things like LEGO and Board Games. Premium toys that utilize cardboard and plastic while charging beyond $50 for the cooler stuff.
I just got a Civilization Board Game with Barnes and Noble Gift Cards. That game was priced at $55 and i see plenty of more complex board games that are priced near the Labo prices.
Different market than standard video games. I have a feeling LABO is gonna hit really well with its specific audience.
Folks clamoring for the next God of War or Call of Duty are clearly not Labo's core audience.