@leptok: MS should really stop him from talking, but I don't think $500 is a big deal at all. How much do people pay for TVs, Apple's crap, and so on? I paid $600 for my PS3 and the X1 is obviously way more powerful and comes with a Kinect (even though I don't want one), so in that sense he is correct. If anything is overpriced it's the Wii U.
But that's the thing, there's so much more tech crap to spend money on.