I voted for $350.. conversion to philippine peso is 17,500
Well Here in the philippines it's impossible to get the console on it's realease date since there are no direct distributors. You have to wait until 2 months or so after the realease dates. The stores here also buys the console in japan or in Hongkong at retail price then bring it here in the philippines. I expect the first price here will be around $550 when you first see the shadows of ps3 ( while looking behind a glass shelf).
I guess I will wait for the price to come down about a year or so.. Weel I waited for the ps2 price to come down and before i know it all my money was gone and I just bought a PC. well I hope I will have the patience to wait