It'll depend on how well it does. $299.99 is not expensive for a brand new game console. It's actually the sweet spot.

Early adopter tax for Switch consumers given the March release window and limited stock.

Unless stock remains tight through the '17 holiday season, I give about even odds that Nintendo's Switch Black Friday deal has it going for $249.

The price drops by SCE and MS are reactionary, but somewhat unnecessary, given that initial Switch stock is simply unavailable.

Presumably, the PS4 temp pricing is an attempt to draw some of those who would otherwise go home empty-handed for missing out on the Switch launch stock, and clearly, MS is simply reacting to SCE's move.

According to everyone on the internet, $300 is too expensive for them lol.

When I bought the 3DS, I remember being (somehow) completely ignorant about it all. One day i chose to go to Target and they supposedly had the $80 price tag the day I was interested in getting one. I might wait again and see if there are any interesting deals again. I'll happily pay $300, but I might wait and see. Preorders are gonna take up all of march+April's units, so I'll have more than enough time to ponder.

why cant they price fight like this in europe lol, forever 350 for ps4 and 279 for xbox one

Wii U is literally the only device they had without regular price cuts.

The internet couldn't tell a fork from a spoon. The PS2 was $299.99 and we all know how that ended. Anything under $299.99 is a great deal but $299.99 is still the sweet spot. Not too expensive for the mass market but not too cheap so as to lose money. 

These companies sure do love their price cuts. Wasn't the PS4 $250 over the holidays while being bundled with a game? I am starting to think these systems have their price "temporally reduced" more often than not. At this point it is more like limited price raises!

$300 woud be a good price for a console that was better than PS4 and Xbox One, but not so much a console that's barely better than an Xbox 360.

For starters, both of those consoles were $399.99 and $499.99 when they launched. If a console came out that had the same spec leap that they had, you'd see the price range well above $299.99. Expecting otherwise is foolish. Secondly, "better" is reletive. You obviously think better is having better specs. Other's may say the Switch is superior because of the way it works. In that sense, it's far better and more capable.

The PS2 had no games bundled, it was less powerful than Xbox and Gamecube. The competition offered higher resolution, ended up being $50 dollars cheaper, and had multiple deals. In the end, it didn't fucking matter because people just liked it more and felt the value was there. 

So far, people are saying the same about Switch. It's preorders have already outperformed PS4's when it launched. We'll have to wait and see how it sustains demand, but there's nothing indicating that it's going to be anything but a success at $299.99

The PS4 was $399.99 over 3 years ago.

The PS4 & XB1 are selling at $250 with a game.  If history is anything to go by this will become the new official price.  For $300 in 2017 I think it's correct to say a new console should be better or at least competitive than the consoles selling for $250 with a game.  It doesn't need to be a generational leap ahead of them to be better, and warrant a higher price.

Subjectively others can say whatever they want: if you think the weaker specs are outweighed by the portability, or just access to Nintendo games that's a fine opinion.

IMO many casuals will walk right past the Switch stand if it's $299 with no games and the other consoles are doing better deals.