Yeah I feel like this has changed my perspective a lot.

My 'gaming' laptop cost me £750 and my Gaming PC cost me £1600 so knwoing the PS5 will cost less much than my CPU/GPU combined, it's hard to think of it as a major deal.

Whereas 2/3 years ago I probably wouldn't want to spend any more than 500.

500€ for PS5 for me is fine

I normally wait for 1-2 years. Price cut or a more efficient chip set. But if there’s a Halo Infinite Xbox, no price is too high :)

I would pay a lot for a PC that plays exclusive Playstation games.

Agree.  The first option should have capped at $399.  There really didn't need to be separate options for both $900-$1000 and $1000+ at the end of the poll.  If both consoles launch at $450-$499, I'll probably wait a year for the 2nd holiday sale prices.

I got a new PS3 for $250 in 2008, two years after launch.  There are opportunities that come up if you look for them, even if that opportunity is often a holiday deal or something.  

Poll is not asking for launch price.  It is asking "how much are you willing to pay?"  Those are two separate things.  A fairly small percentage of people buy a system before it's first price drop.  There needs to be lower options on the poll going down to at least $200.

This thread is clearly about the maximum price you'd be willing to buy at launch. If you're not willing to buy at launch then the thread poll is not for you. Obviously prices will go down in time.

I started it at $400 because there's no way the XSX or PS5 will be cheaper than the PS4. 

Looking back at what I spend on Sony this gen also changes perspective.

Launch PS4, CAD 400
PS4 camera CAD 60
3 extra controllers CAD 60 x 3

Launch PSVR CAD 500
Launch PS4 Pro CAD 500
extra controller CAD 75
AIM controller CAD 120 (came with FarPoint)
Second PSVR CAD 250
new move controllers CAD 120

CAD 2205 on hardware, nearly CAD 2500 after tax, for 7 years of fun, a bit over 400 a year including ps+

Still less than gaming laptops that only last 4 years before falling behind. My 1060 laptop is nearly 2 years old and won't be able to keep up with ps5 / series x in another 2 years. Nor does it have VR. (It's mixed VR ready but fat chance at running HL Alyx in a satisfactory manner)

But thanks to the bad exchange rate, last gen I started with 400 + 4 x 60 (2 games plus 1 controller and camera) 723 after tax, will be 1043 next gen without a camera. Excluding the camera an extra CAD 388 to start next gen, 60% increase. (Although it depends on how stores will be rounding ps5 prices, CAD 688 at current exchange rates is likely 699 at launch, yet maybe 649 to make it a bit more enticing)

If one of them launches at $399, then I would be willing to buy at launch.  And, it's not like there isn't speculation that Microsoft might try to undercut Sony's price this gen.  Sony used the exact same tactic against both the Sega Saturn (announcing PlayStation being $100 cheaper just minutes after Saturn's reveal) and against the Xbox One (announcing being $100 cheaper the day after Microsoft's XB One's price reveal).  Xbox lost a ton of marketshare this gen.  There are two ways to gain that back.  Timing, like they did with getting the 360 out a year earlier than the PS3.  Or price point.  Since both systems are releasing simultaneously again, the only thing they can go after is price point.  So yeah, it actually is potentially possible that the XSX launches at $399, in which case, yes, that is what I would be willing to pay at launch.

PUBLISHED: 10:20, Wed, May 13, 2020 | UPDATED: 10:21, Wed, May 13, 2020

During its E3 conference in 2013, Microsoft told fans that the Xbox One would launch at $499 in the US. Sony announced a $399 price tag for the PS4 a day later.
According to industry analyst Michael Pachter, Microsoft will adopt a similar strategy for the launch of the Xbox Series X. Furthermore, the Wedbush Securities analyst said that Microsoft will wait for Sony to reveal its price before making the next move.
"Microsoft is being pretty smart about waiting Sony out here," Pachter said. "From what I've seen, Sony is going to have to charge $500 for their PS5, and Microsoft has a big balance sheet.
"If they [Microsoft] want to cut the price by $100 – just price below [PS5] and subsidise the first 10 million [units] – they will.
"So, I think that they’re waiting to have Sony blink first and then they’ll reveal the price and the launch date. It's going to be holidays, so very likely sometime in November.
"Very likely $400. And fans are going to get a lot for their $400."

PS5 v Xbox Series X PRICE WAR: Microsoft to use Sony's PS4 strategy against them

PS - Don't take this as me endorsing anything Michael Pachter says.  I'm just using it to show that it is something that is in discussion, so not completely out of the question or irrelevant to the discussion.

If you're willing to buy for $399 then the $400-$500 option is for you.

There's no chance either XSX or PS5 will be launched at under $399. Regardless of them trying to undercut each other.