As information continues to be revealed about the PS4, the least likely it seems the PS4 will go for $350-$500. It wouldn't be surprising to see the PS4 priced at $700-$800 on launch. Nothing is cheap in this world anymore, so why should we expect the PS4 to be?
Nothing about the PS4 controller seems cheap, considering it has a camera, PS Move sensor, changing light bars, touch screen, and features like a Sony portable device. When you add in the headset, console, controller, games, and new features, it doesn't sound affordable anymore.
Let's say the console is $350-$500. In this economy, not many people can afford a high priced console and high priced games to go along with it. Games are $60 a piece now, which is outrageous. Sony says it will offer $1 games, but we all know those are usually games nobody really wants to play. And if you want another controller, it will cost $60 or more. You can't have high-tech without a high-tech price. Below are all the details we know so far about the PS4.
Main Processor: Single-chip custom processor
CPU: x86-64 AMD "Jaguar", 8 cores
GPU: 1.84 TFLOPS, AMD next-generation Radeon™ based graphics engine
Memory: GDDR5 8GB
Hard Disk Drive Built-in
Optical Drive (read only): BD 6xCAV, DVD 8xCAV
I/O Super-Speed USB (USB 3.0)
Communication Ethernet (10BASE-T, 100BASE-TX, 1000BASE-T), IEEE 802.11 b/g/n
Bluetooth® 2.1 (EDR)
AV output HDMI
Digital Output (optical)
The console will also include an unknown amount of USB 3.0 ports & each system will ship a "Mono Headset" for cross-game chat & other social features. Sony has not yet confirmed the exact size of the consoles hard drive but they have stated that the PS4 will have "a very large hard drive in every console."