Xbox Next isn’t going to be cheap, as we have been telling you for some time now. When it arrives on dealer shelves in November, sources tell us that it is going to carry a $499 price tag. Don’t expect the PlayStation 4 to be that much cheaper, if at all.

Those looking to save some scratch might be enticed into buying the console for $299 with a $10 monthly subscription to Xbox Live priced at $10 per month. Sure, it looks like you are saving some money, but with the $10 subscription lasting 24 months that is another $240, which makes the end price $40 more than just buying the console outright for $499.

While the final pricing decision could change before it is all said and done, we don’t think that it will. This may draw many to the 3rd major overhaul of the Xbox 360 this holiday season, with its expected price tag to be only $99. Hard to say if the high price will make many consumers wait till the price drops before making the move to upgrade, but for a lot of folks we are starting to expect that this will be the case.

Microsoft will give everyone their first glimpse into the Xbox Next at an event on the Microsoft campus on May 21st, but till they do expect speculation and wild rumors.