Console price seems to be the expected (albeit I'd never actually pay launch price for any console, becuase that's when they're being sold for silly money), games strike me as being a bit pricey. I'm not sure what the general US games cost is, but over here it's pretty easy to get them for £30-35 provided you shop around.
If they were to sell titles for £60 UK* - and I doubt they will - they'd be screwing themselves.... even £50 is chancing it. Regardless of the console being a loss leader, people won't accept paying too much for games (particularly as the hefty console investment they make in buying the machine is worthless until they get a game). (incidentally, AFAIK Microsofts Xbox department is still making a loss... unsurprising given it was basically a shoe-in to get them into the console market)
I have to admit being dissapointed the way console launches are going; it'd be nice if they still chucked in a game as the bog-standard model. I think the PS may have started the trend of having the bare minimum, although I'm not sure.
*based around the usual launch price being about equal to the dollar value, making it 1.5 times more expensive in actual money by rough exchange rate