It doesn't mean Sony can't release a PS5 1.5 mid-gen hardware in 4 years and support both versions for 4+ years.

Those tariffs from Einstein are going to hit Canada too.....assuming the full effect is felt here in regards to consoles, a PS5 may be around $600-$750. That's launch Armageddon. There's obviously bigger problems stemming from his continued existence, but as a citizen of Earth very closely tied to the American economy, f********ck him. Again!

I don't understand this perspective at all.  For starters, it absolutely isn't a certainty, unless you can post a direct quote from Sony claiming such a price tag.  Secondly, the Xbox X is the most powerful console on the market, how is it selling?  Yeah, not great. 

Price point + games = success

Power does not equate to success.  Currently the Switch is killing in the market place.  Remind me, what console is by far and away the weakest?  

The original Xbox outclassed the ps2 by a long shot, it wasn't even close...  Which console sold 150 million units?  

The Wii was a glorified Gamecube, I guess that sold like the Virtual Boy?  

Sony will have to find a middle ground with the ps5.  They will have to make core gamers happy with power, but yet maintain a price suitable to the masses.  $500 isn't that price point, most certainly nothing over $500.  

I'm guessing $399, though noticed in my earlier post I had a typo where I said $350.  I meant $399.  

Sony already stated they are aiming at the harcore gamer with PS5, and the hardcore gamer only. It already implies it will be a more niche product that will let most casual gamers are out of their equation for at least for the first 2 years of the console life until it gets cheaper.

PS5 will be PS4-Pro-Pro in the sense that it doesn't replace the earlier models so Sony can charge a premium over the existing models. I say 499-599 is real depending mostly on the amount of SSD storage that is included. I can see a premium version with 2GB SSD for 599 and a base version with 500GB SSD.

The PS4 Pro 1TB HDD right now is $367.99 and there is no way you are getting a significant upgrade for $399.

Lol.  Yes, that is called public relations.  Sony isn't going to make the ps5 a niche console, not when the entire success of the entire Playtation brand has been built on mass appeal.  PSN+ subscriptions rake in billions for Sony.  Do you really believe they want to greatly reduce the number of subscribers by going niche?  I don't.  Sony isn't making the ps5 niche, not even on a temporary basis.  At best I could see Sony dual releasing a ps5 and a ps5 Pro, $399 and $499 respectively.  

I used to think that the PS5 would cost 500 dollars in the US and 500 Euros in Europe. But now with Trump's talk about 25% tariffs on video games hardware, I don't know how Sony (MS and Nintendo too) are going to price their systems in America but the pressure is going to be huge cause with all the high tech they are promising for the next gen systems, even without tariffs I wouldn't count on anything under $500 or €500 but with the trade war going on, you Americans might wanna prepare yourselves to $600 or even more and this is obviously not good for the next gen.

(Sony, MS, Nintendo wrote a letter to Trump but with that guy obviously it was going to be a waste of time).

We'll see what they do, I'm curious to see if they'll take the hit and still sell those new gen systems at $500 or pass it on to the consumer. In which case it would be weird to see the PS5 sold for €500 over here and $600 in the US.

Unless Sony release another statement reverting what they said about the PS5 being a niche product aimed at the core gamer, yes we can lower the bar for the price. So far, what we have is it will be hefty on pricing based on what we know about the specs so far, like being more powerful (even slightly) than Scarlet which is roughly 4 times more powerful than XONEX.

It will be $499 and I'm fine with that.

No one was stunned by the launch price of the PS4. It was within the margin of reasonable estimates. 

350 for a PS5 on the other hand is absolutely ridiculous.

Ps3 launch price today would be at a value of around 700. So 500-550 would be well below a "highly expensive console".