Is the market ready for a $500 console yet?

[Mandalore76]

haxxiy said:

Alby_da_Wolf said:
$400 is the right price at launch for the entry level version. If that model is offered, and it will do the majority of sales, nothing wrong about offering a premium model too at $500 or even more. But a $500 version alone wouldn't sell enough.

AFAIK both the X360's and the PS3's more expensive models sold better than their cheaper counterparts, though.

The Xbox 360 Elite model released at $479 and was discontinued in just under 3 years.  So, no.