Dart said:True. But it can silence the uneducated critics who say the PS3 is an utter failure simply because of price.
Well, to be fair, price can have a major effect on the amount of consoles sold (Sega Saturn anyone?), especially when combined with other problems, like in the Saturn, a lack of games. Also, notice that the 3DO, NeoGeo and the Saturn, the three highest in price (excluding current gen) all sold horribly. These systems were all plagued with other problems, and $700 was a lot more in the early 90's than it is now, but it shows that price often has a large effect on price.
EDIT: The CD-i also is $400 I noticed, but I've never heard of that so I couldn't really include that in my statement.