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While I agree on the price point being too high, I think the reason people feel that the price point is too high is because there is a lack of good games. Isn't that what justifies paying a certain amount for any console?
I'm from a small island just off the coast of Spain that's actually not part of the EU. It's pretty cool that you recognised those as pesos, most people think they're euros.
Picture this. You're walking down a a country road lit only by the dim light of the full moon. You hear a rustle behind you. You take out your torch to see that it was just a sheep. It looks up at you and says "baa".
It'd be pretty handy for that situation IMHO.
I don't think that them working on 5 new IPs will take anything from their other work. I think working on any new IP is a pretty big risk and the only way to find out if it'll be successful is to release it out there and get feedback. There aren't many publishers out there these days that will...