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How PlayStation Console Prices Have Changed Over Time With Inflation
(www.retronews.com)
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The PS3 was pretty damned expensive for the time. I bought a MGS4 version, and I nearly returned it due to the expense. A few things made me keep it though: it was an excellent media player with lots of support for plugging in external drives full of media (and IIRC they regularly pushed new codecs out with system updates), wireless controllers and Burnout Paradise. I still play Burnout Paradise regularly. I never owned many Blu-ray movies, but it had that going for it too when most of the world was still using DVDs.
I don't think that anything that has followed the PS3 has been nearly as good of a device. I hardly ever use my PS5 now, and if most of my library weren't PlayStation-exclusive titles, I'd probably just sell the thing in favor of my Steam Deck.
At launch the PS3 was one of the cheapest Blu-ray players available.
It was the same with the PS2 and DVDs