Awesome, that's definitely making a $399 SKU look more and more likely; a price that's both very reasonable and competitive. I'm totally down for that, and I wasn't really all that interested in the camera anyway. Plus, if it's anything like the PS3, I could always just get a larger laptop hard drive on the cheap if I need the extra space.
I do wonder if Sony could do a subscription model like Microsoft is going to; unless I misunderstood, Microsoft wants to sell you an Xbone at a low price and force you to pay Live for two years, correct? I'd want to get PS Plus anyway, so if that's part of a subscription system that'd be great.