The prices outside of US is insane. £700 is ridiculous for a console which has essentially a low tier, mid range GPU. And its not even that better speccced than a regular PS5. If it had double or more performance (raster) and even more RT performance I could maybe see it.
To add insult to injury they don't even include a disk drive. Nor a Pro controller. I guess this is what you get when Microsoft essentially exits the console business, in the traditional sense anyways.