The Verge (Lockhart): "We understand that includes 7.5GB of usable RAM, a slightly underclocked CPU speed, and around 4 teraflops of GPU performance."

[Legend]

Tom Warren said it wasn't going to be cheap.  Seems to me like $299 is probably the lowest we can expect.  
CPU + SSD are pretty expensive, a smaller GPU, and less RAM doesn't open up the door to a lower price.
Practically it's hard to say.  Most games tend to get limited by the GPU before the CPU, but that's not universal.  

Though I'm going to bet it'll be Option 1.  

Yeah beefy cpu plus ssd will make this cost a bit to build. Compared to series x though it could be kinda cheap. No disc drive, half ram, third gpu, cheaper power supply, cheaper cooling, and smaller box.

It's just so hard to understand without prices or marketing.


$349 lockhart
$499 ps5 digital
$549 ps5
$599 series x.

It makes the most sense if the other systems cost a ton.