Personally, I don't mind the $700 price (PS3 launched at $599 for a higher storage variant, adjusted for inflation that comes out more I think). Honestly, it won't matter, it will sell and if the sales are slow initially, there will be bundles and eventually it won't matter.
The point is, that the PC industry is the culmination of decades of efforts by market and tech leaders to easily mass-produce PC parts and provide them at an affordable price to consumers while making a profit. Sony can't reinvent the wheel of computing technology. Consoles are just turning into PCs and locked ones at that. Believe me, consoles are not bringing anything new, PS games are coming to Steam (no one wants to ignore the PC market share). Steam understands it and that's why they didn't go with some proprietary shit. So PS6 would be more like a PC, XBOX is already a prebuilt PC.
Look at Nintendo, they left the performance race 15 years back. They know their consoles are shit, but you know their games are consistently good (at least the major IPs). They don't change their shit. You won't find Black Mario any time soon. They don't pander to their audience (they sue them /s). Their USP is their games that no one else can do and they do it fairly well.
Sony has their hands in multiple cookie jars and it won't work. The PC market isn't kind to console games coming to PC 10 years too late. People will just pirate them after the initial sales, they are not FromSoft.
All in all, I skipped PS5, will skip Pro, and 6 would be just a PC so I don't think I would need it.
And subscriptions....well it's not gonna work out the way Sony thinks. It never has, it didn't work for Netflix, and it won't work for them. So hold tight, grab a PS5 from some guy selling it here at TE and enjoy the show.