I LOL at all the people who said it'd be $150.

Also, people seem to be giving the PSP far too much credit. The "juggernaut" hype over it doesn't seem to have diminished since day-1, even though the DS came out, whupped it's ass, and put the PSP in an "uphill battle" position. Sony has
already pulled off some significant blunders with the PSP, which, if the system was being sold by Nintendo and not Sony, would have set off yet another round of "Nintendo is doomed" and "Nintendo's going third party" speeches from everyone.
The Japanese PSP, with it's charger, was 20,000 yen.
The Japanese Bundle Pack, with the charger, headphones, soft case, and 32MB Memory Stick was 25,000 yen.
The American PSP is the Bundle Pack with a non-playable demo and Spiderman 2, for $250.
Headphones = meh.
Case = REQUIRED, if you don't want your screen to get scratched to hell.
Memory Stick = REQUIRED, but too small to make good use of it. 32MB = PSP's MC59.
Spiderman 2 on UMD = Obviously Betamax. How on Earth does Sony expect this to succeed? How are people excited by it? Beats me.
IMO, the big thing about Spiderman 2 on UMD is that it's a fantastic showcase for all the movie piracy you'll be able to do on your PSP once you buy a decent-sized Memory Stick.
BTW, you better be in love with that PSP launch title list, because online retailers seem to be saying that you need to buy three launch titles (some PSP games may be as cheap as $40!) if you want a PSP. Oh yeah and the "launch window" vs "launch day" definition could really mess up your plans when you're picking which three games you want to buy.
$50 x 3 + $250 =
$400 PSP!!!1!!