Agreed. I was all in at $149 with the 7 re-imagined games plus a majority of the original games with many retro franchises promised to make a return.
If you look at the original trailers versus today, it's almost like two different systems.
I'm not sure if they simply pulled numbers out of the air for the original announcement, or if the overhead got too bloated and had to be shoved into the price, but whatever the reason, I think they jumped the shark when they went above $199.
I want the system to come out for my friends who pre-ordered it and are excited for it, but I don't think the market for it is large enough to support it for a long time after release.