I figured I'd wait a few hours before posting to see if my feelings changed. I'm still both disappointed and incredulous.
I just don't understand how Microsoft thinks that launching a slightly-more-powerful-than-PS4-Pro console, a full year after it, for $100 more makes any sense.
How could they possibly have thought that they didn't have to hit $399 with this thing? It just boggles the mind. Do they not remember getting slaughtered with OG X1 at $499? Do they not remember Sony getting slaughtered at $499 and $599 with PS3?
Do they just not care? Who in their right mind looks at the 3 platforms at the holidays this fall and buys this, when they can buy an X1S and a Switch for the same price. Or a PS4 with VR for about the same (a $499 Slim+VR bundle seems likely)?
I just don't get it.
Sea of Thieves looks pretty good, but certainly not 'I need to buy a $500 machine for this' good. Crackdown 3 needed to look ridiculous, and didn't. But even still, if I do want those games, why wouldn't I just buy a 1S for $200 and all 5 games I want for X1, and still have money leftover?
The only thing I can think of is that $399 was their goal all along, but they just couldn't get there. It probably didn't help that they preannounced the specs a year in advance. What hardware supplier is going to really negotiate on price with them when they can't even change the specs to hit a better margin because they already announced them?