Sony has confirmed what everyone knew was coming: a more powerful version of the PlayStation 5, called the PlayStation 5 Pro, is on the way, for the low, low price of $700.

This is reminiscent of Sony’s PlayStation 3 announcement during E3 2006. That console was $600 in a good economy. The PS5 Pro is $700 in a bad economy, and is an upgrade to an already existing console that has sold tens of millions of units, and which will likely have no exclusive games for it.

I’m not sure who was asking for a more powerful PS5, but I hope Sony has set their sales forecasts for the PS5 Pro realistically. We have a name for people who are willing to spend that kind of money on that level of graphical fidelity. They’re called PC gamers.

With console gamers, there’s traditionally been a line they won’t cross as to what they’ll spend for a console, and I think Sony is now on the other side of that line, especially when so many of them seem happy with the PlayStation 5 they already have. Nobody was asking for more power out of the PS5. However, they were asking for more games, and for developers to start making games that truly take advantage of the base PS5’s power.

Nintendo has to be chuckling to themselves right now as rumors continue to swirl about the announcement of the Switch 2. The Switch 2 might be pricier than the $300 Switch, but it won’t be anywhere close to $700. One can argue that Nintendo is in a different market than Sony, but in the end, we’re talking about video games and video game hardware to play them on. A $700 console would be too much to ask in a good economy, let alone the one we have now, with layoffs rampant in the industry, and Sony already raising the price of the base PS5 and its accessories in some regions.

But if you happen to be in the market for a PS5 and don’t mind dropping the money on one of most expensive consoles ever released, plus an 8K TV to play it on to get the most out of it, you only have to wait until November 7th. However, for the rest, I’m guessing the base PS5 will be getting the lion’s share of attention and sales this holiday.