With consoles getting closer and closer to what classicaly has been defined as a 'PC', I'm not suprised at the price point.
That being said, I will take a 'wait and see' approach to the XBOX ONE. Many of their proposed policies have changed multiple times since they were first announced, in many cases going back and forth to varying degrees depending on which 'official' microsoft news source you listen too.
For me, pre-ordering is out of the question as long as 'what' you will be getting at least from a policy of use standpoint is still very much a toss-up. Hopefully things work out well, but I'll just wait till everything gets more set in stone.