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Yup. I think I also bought an 8gb Pi 4 for $50+ or similar a while back.

The price of a pico is what the zero used to be, and the 4gb/8gb 5 is $110 to $185 depending on ram when the 4 used to be I think $55 to $75 at the same ram.

I shouldn't be surprised because it's similar to/worse than the transition from DDR3 to DDR4, but I still was caught off guard to some degree.

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Sure, but unless you're integrating the devices into a product to sell, an increase from $4 to $10 hurts a lot less than an increase from $80 to $200. I wouldn't change my mind about buying one or a few Pi Zeroes for hobby projects over $6/unit, but I may well consider a different platform over $120/unit.

Fortunately for me, I already have a stack of criminally underutilized Pi 3, 4, and 5 units on a shelf from a past (non-hobby) project. No 16GB, but multiple 8GB units, and 8GB is enough for most anything I can imagine wanting to do on a Pi.

We used to be able to buy former retired corporate mini/micro PCs running 2nd to 4th Gen i5s/i7s for a bit more than the cost of a Pi 4.

there's a number of Marketplace listings for 8th/9th gen mini PCs ~$60 nearby me.

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