Disappointing that they aren't willing to subsidize it. But to the people saying it won't sell at all if it's like $700. Handhelds are like $1000 now and selling well enough that all the manufacturers are willing to continue working on successors.

In the current market, seems people are just willing to pay inflated prices.

Just hope it's not more than $700 because I don't think an 8 GB vram system should be more than that.

I also feel like this doesn't bode well for PS6 pricing. With everyone raising prices and no competition for Sony, they probably would be like, "why can't we charge atleast $800 as well?" when even the switch 2 is over priced for what it is.

Where do people get these idiotic ideas? Say it's worth $5 (to you), won't you?

It's really easy to check the data:
PS5: RDNA 2, 36 CUs, up to 2.23 GHz, up to 10.28 TFLOPS
PS5 Pro: RDNA 2(+), 60 CUs, up to 2.35 GHz, up to 18.05 TFLOPS
Steam Machine: RDNA 3, 28 CUs, up to 2.45 GHz (if what they say is the boost clock), up to 17.56 TFLOPS

So no, not half the CUs, definitely not half the performance, not rebranded 6600 as this is RDNA 3, and even if it has less theoretical maximum compute than PS5 Pro it will have better utilization and probably 32 MB Infinity Cache.
This is slightly higher clocked, higher TDP 7600M with much better cooling.
The CPU looks like, at worst, 8540U/Z1 with better TDP and much better cooling and being Zen 4 its 6 cores should be better for gaming than PS5's 8 Zen 2 cores.

If you want to criticize, do your homework first.

This GPU is an equivalent of an RX 7400 (i.e., a rebranded RX 6600)!
It has only half the CU of the old PS5 (non-Pro).

And the CPU is a nerfed 7400F with a TDP of just 30W.

so such PC isn't worth more than $300-400 :D
And at that price, it's better to buy the twice as powerful PS5