Still costs £42.99 in the good ol' UK

LOL the truth hurts!

Not true.

The issue is that most games are not worth anywhere near $60 at launch for the experiences they provide.

There will always be people preordering and buying at launch. Even if the game prices double. Money is expendable, playing a highly anticipated game as early as possible is priceless.

The only games that hold their value are cod titles and first party nintendo games, everything else gets traded in so often they have yo slash prices to keep selling new stuff.

Nintendo titles are ridiculous. Skyward sword is still like 60 dollars in some places 

I really see no problem here. Just about every industry works this way, if price is an important factor for you then you should not be buying ANYTHING immediately upon release or on pre order, this includes, cars, electronics, games, software, movies, music, clothes etc etc. The business goal is to price it at the maximum rate that the consumer will bear, as sales reduce you reduce the price to pickup the next level of people, the speed at which an item drops is directly related to the cost of producing said goods, sales level of the item and what they can get people to pay.

At least its still much much cheaper than college tuition in the states...

When PS4 and X1 launched last year, were game prices $65 then too? I thought games only became $65 after the value of the Canadian dollar fell?