I honestly think it might be worse, Yes Sony started at 599 yes it came out a year later but that doesn't explain why they still have been losing marketshare the last 3 year against microsoft. the 360 pretty much is a old ass entertainment console with a DVD drive , a xbl (paywall happy liquid) and faulty as shyt with RROD. sony should have easily recovered and passed MS in the us by now, and realistically they have the better entertainment console with bluray outside of apps.
I told you cats a while back that the console market will probably shrink this gen and you fools just laughed at it.

The Console will never die,it shall evolve and maybe straight up physical media will go by the way of the dinosaur,but the concept of a set top box in the living room connected to a joystick(with or without wires)will remain a separate entity from the PC!!!!! The Videogame crash of the 80s will never happen again,LONG LIVE THE CONSOLE!!!!!!!!
and as for the market shrinking,this gen will SOLIDIFY gaming as a TRUE FORCE TO BE RECKONED WITH when it comes for your bang for the buck for ENTERTAINMENT!!!!!!