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A little higher than I expected, but I'm not worried. Why? This is the projected MSRP for the Japanese market. I don't know if it's still the case, but Japanese consumers aren't as aversed to paying a premium for being early adopters of technology, when compared with their N. American counterparts. I'm fairly confident that when the PSP is ready for launch in N. America next year, the MSRP will be lower (US$329 is likely, though $299 may not be out of the realm). Everyone knew the price point would be higher than the Nintendo DS, but it does offer more in just about every aspect, i.e. not as one-dimensional as the DS.
I'm hesitant to commit $349 as well, but for < $300, I'll bite (* this is contingent on how it fares sales-wise in Japan, online reviews and whether any features will be permanently dropped for the N. American release. I haven't forgotten the PSX debacle.)
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