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> Yes $700 is expensive for a console, but that's just what the market rate is now.

I remember buying PS3 at launch for $700.

In what currency? It was USD $499 (20GB) and $599 (60GB).

Adjusted for inflation that PS3 is $1,100 now.

The US Government's BLS inflation adjustment calculator puts $500 in January 2006 to $793 today.

Based on what calculation?