I may be in the minority here but I think the price is reasonable. Especially after Microsoft revealed how much they are losing per console on sales(about $200 on Xbox Series S & $100 on Xbox SeriesX). As this is hardware it is going to last for at least another 7 years(or however long it was since the original PSVR)before replacement. Not excited about most of the games but definitely keen on the Horizon bundle, the Star Wars game and perhaps one other title. It opens up a new dimension and world of story telling for me.
As a first time PS owner who greatly enjoys haptic feedback(more than adaptive triggers)I can't wait for the new ways stories can now be told. Frankly, had expected price to be in the $600-700 range which I would have seen as expensive but doable. However, for similar price as the console it makes sense for me. Only downside that you have to buy into the PS eco system to have one as I don't think it works without the PS5. I also can't wait to share some of these new experiences with friends, family and others who have never really known that gaming is so much more than just having mindless fun.