No, I agree.
A game like this is always going to be a tough sell to the masses and a $60 doesn't make that any easier.
I've no idea how much it cost them to make it but obviously at some point there've has discussions about where the best returns lie and there's never going to be an easy answer for something that that has such a small market.
Would they have made more money by selling more copies at a lower price? You never really know with things like this but if it doesn't work out at this price for them they do at least have an option to lower the price to get sales.
I think what makes this difficult for them is the fact that it's available;e to download too, a few years ago and this may well have only had a disc release and I think that alone would increase the value of the game. I know quite a few people who imported this sort of game on the 360 and we were very willing to pay what could well be called "over the odds" because it wasn't simply a matter of pressing a button and downloading it.
Hopefully it will get a price cut at some point but I am really hoping that they make enough money at full price because I really want there to be more games of this kind on the PS4 as they're becoming increasingly rare on consoles.
The only 360 discs I still own are the Japanese Mushihime-sama Futari, Espgaluda II, Muchi Muchi Pork, Pink Sweets & DoDonPachi SaiDaiOuJou and every now and again I put them in my Xbox One (as well as all the downloadable stuff) and I'm really hoping that we get more this generation as Japanese developers appear to be excited about consoles again.
I know value is subjective but if there was announcement at PSX of a PS4 version of the CAVE Shooting Collection, I have no idea how much I'd be willing to pay for that. Clearly, it'll never happen though.
The PS4 has a "Live Area" too, it's available there.