[RUMOR] PS5 potential price are to be expected around 499 to 549 according to game developer and Sony will have limited PS5 supply on it's launch date, PS4 pro and PS4 price cut are imminent

[Otter]

I'm happy with $499. It will benefit from having a much better value proposition than PS4/Xbox One did at launch:
1. Being backwards compatibility for 99% of games
2. Games with performance modes/Dynamic res jumping to 4k60fps.

PS4/Xbox One corss gen titles at launch had slightly better visuals but they rarely offered a big performance increase