If it's over $500 then they just messed up for the second-gen in a row. I'm kinda amazed this is an ongoing issue for as long as gaming consoles been a thing. I most remember SEGA pricing Saturn at $400. Sony walks up to the podium at E3 1995 and just says "$299". We all know the famous PS3 $599 US dollars meme and this gen PS4 vs Xbox. With their money. Just be mega aggressive and just say $400-450. Include a 2-week code for GP.
$600 is overpriced for a console no matter the insides and in the middle of a pandemic.