Compared to America, yes.
Compared to what's been speculated, not really.
We've always said the conolse will be £425, and games £50. Controllers though, was predicted at around £40, and the HDMI cable at around £50.
To be honest if I'm spending this kind of money, what does an extra £50 matter? In fact, what does an extra £100?
I've just worked out the full price of what I'm going to buy on the 23rd:
PS3 - £425/$842
Controller - £35/$70
HDMI Cable - £18/$35
Resistance - £50/$99
Motorstorm - £50/$99
Oblivion - £50/$99
HDTV (32", 720p, Samsung) - £650/$1288
TOTAL - £1278/$2533
You guys probably think I'm mad.