Perhaps, though I can see how the X360 could be labled as the bargain of the century, although, add-ons and service included, I really don't see much difference. Guess we've been paying these sorts of prices for years already here in Europe - it was just a matter of time until things catch up in the states. Now if prices went up from standard $299 to $900 (what we're paying over here at launch), then I could understand, but up to $499... it's really hard for me to understand, considering we've been paying nearly double, since... ever.
Even if you say $900 is a lot (hypothetically), over the 7 years it'll last me, it's really not all that bad. Compared to how costly gaming on the PC is... well...
Heya Phil,
I can understand the consternation to a degree as we are all influenced by our economic and social conditioning to a degree. You drive expensive sports cars, so that may expain the disconnect between you and the average American consumer's perspective on value and bargain. The average American totes around like $10,000 in credit card debt (!) Obviously Americans in general are not very good with money! As the current fiscal issues show people here do tend to over extend themselves and socially there are issues of entitlement that American society grapples with. A PS3 at launch was well over a full weeks paycheck for a lot of typical middle of the road families. That is a big ticket item. When the PS3 launched at $600 in 2006 that was almost two weeks salary at the time for me (as an example). Toss in a game, 7% sales tax and that breaks $700 (without even talking about an extra controller and game).
We are talking about a purchase approaching the cost of our current apartment's monthly rent. When 45% of your income goes to basic housing costs, how do you expect people to plop down the other half on a console? Where does food, transportation expenses, education, utilities, and other basic needs fit in? For perspective, as we are devoted to staying out of debt, my total entertainment budget is less than $10 a week. A pretty generous sum by my estimation, but for those with different economic circumstances that would be aweful constraining. But I would wager that a larger percent of console gamers of past generations don't see consoles, any consoles, as having much "value" at $600 (even if it can per-hour provide unparalleled bang-for-buck) because it is significantly above and beyond their "blow money" budget or would dig so deeply it would cut into their "social entertainment" money.
The math doesn't work for a lot of us, regardless of perceived value. Also, regardless of what the pirates of the world would like us to believe, entertainment is a luxury, not a necessity. So most of us do without and wait for the prices to drop.
Fiscal responsibility is an important virtue. e.g Last year our entire family moved cross country out of the rust belt to escape the economic collapse in our rural community to a stable job back in the Seattle area. If we had been freely spending on entertainment we would not have had the resources to make this substantial move.
Admittadly I was able to jump in before the $200 price point I had planned on due to the generosity of a friend and some birthday money. But plunking down $150 from my own pocket when all was said and done (and picking up Halo 3 and Forza Motorsport 2, two great games for $20) to get a console, year of Live, an extra controller, and 2 proven AAA games had a lot more value to me than speculative console launch purchasing at launch. I am GLAD I didn't get a 360 (PS3 or Wii) at launch because it would not have been within my means to walk out with $500 worth of Xbox stuff at launch. Saving for it and waiting until I had the spending money was an important factor--if I had my eyes set on the PS3 I would have been waiting much longer to get to that point.
I guess there are many stages of life. When I was younger I imported an N64 from Japan at launch and was wowing my friends with Mario 64. I was young and single and had the time and money to blow--and it was a great entertainment investment because it was a lot cheaper than partying! Now I have a family and a thesis that command most of my attention, both time and financial. Spare resources, time and money, are devoted to their needs and things that draw us together as a family. $400, $500, $600, whatever on "entertainment for dad" doesn't seem hardly fair when I would so much more enjoy if I had that money to do things with my family that each member could enjoy and cherish the experience together. That is just me--but everyone has different circumstances.
For those with ample leiser time and the finances to feed this hobby $600 is probably a
really good investment relative to other expendatures (Golf, skiing, eating out, movie theaters, etc are all very expensive entertainment costs!) But for those of us who don't have that sort of disposable cash we are forced to wait. It really isn't even a choice as you have the responsibility to pay bills and have an emergy fund you don't blow on entertainment!
There is no right or wrong here, everyone has different circumstances and perspectives.
You posted that this "disturbs" you and you "really" don't get it. In many ways I am glad that you don't have to understand this sort of thought process. And from the perspective of those who have $500-$1000 entertainment cash laying around consoles are an excellent investment for the time you get out of it. But when we are looking at folks where $200 may be a couple months of entertainment cash $600 is a huge, huge jump.
As much as I enjoy gaming if the cost of entry was still $600 I wouldn't be able to "jump" in because I cannot justify that sort of purchase, regardless of the value proposition. The same holds true of the housing market here--there are some amazing deals to be had, GREAT value propositions, but if you max responsible loan is $160K, a $320K "steal" is still far outside your means, no matter how much you reall want it and the value it has.
Btw, I would suggest FM3 would be a great value proposition for
you, if only for the opportunity to crush me on the coarse. It looks like there is a large number of us here at B3D hyped for the game, so feel free to join us any day 8) Team "PSthree" consisting of you, Ost, and Arwin would probably crush Team "Xbot" but I am sure we would have some intense, friendly rivalry--and that is what social gaming is all about. Well worth the $260 cost of entry (even less if you get one of those $160 Dell Arcade deals with free shipping).
Now that is a deal you cannot refuse