It was only a couple of days ago that Microsoft's Phil Spencer said that the company would not "be out of position on power or price" with its next-generation Xbox console. According to a plausible rumor, that could mean a starting price of just US$499 which should really spice up the battle for next-gen supremacy with Sony's PS5 if accurate.
https://www.notebookcheck.net/Project-Scarlett-to-cost-just-US-499-despite-4x-performance-boost-over-Xbox-One-X.443711.0.html