Sony president says Playstation 3 will be expensive

At this week's Sony Computer Entertainment's PlayStation Meeting in Tokyo, company president Ken Kutaragi meandered along to continue with his solemn warnings that the PlayStation 3 will not be a cheap console, even going so far as to say that "…the PS3 can't be offered at a price that's targeted towards households." Sony is planning a lifecycle of ten years for the PS3, which is about double what its predecessors got. Sony hopes to maintain this long life-cycle by investing now in those expensive pieces of kit, saying "We're looking at a life cycle of 10 years with the PlayStation 3. We're currently shifting from standard TVs to HDTVs.

I think if this is true, it sounds like a possible death knell for SCE. I thought it was a given to steer away from new "future technology" components. Making a really expensive unit is in my opinion really really foolish. We'll see how this one pans out.

Sony president says Playstation 3 will be expensive