Playstation 3 price???

Rumors have been circulating the japanese net that the PS3's price will be somewhere around the price range of "less than 5000,000 yen" which is like $465 USD. That is one expensive ass machine. But what really gets me excited is the Nintendo revolution: http://cube.ign.com/articles/522/522559p1.html.
Nintendo said that it will be the ultimate backwards compadable console, with the ability to play 20 years of gaming history. It will be able to play NES SNES N64 and Gamecube, not to mention revolution games.