$500 sounds about right, seems they have stuck on that price range. Would be nice to have it at $400, but the way all prices seem to be going up, I highly doubt it.
I just wish they have some form of backwards compatibility on it. I'm not sure why Sony seems to take too much pride against it, and hold the idea that having BC on a new console renders the older one to be obsolete. I mean, that's the point and it can't be avoided.
Have that on the PS5 and you can take my $500, Sony. No questions asked.