Sony's PS5 event was scheduled for June 4 but has now been delayed to an undetermined future date. Prior to the news of its postponement, there had been tons of excitement and speculation about what the company will reveal about the upcoming next-generation console. While new games being played on PlayStation 5 are confirmed to be part of the showcase whenever it happens, we might also hear more technical details around its internal architecture and possible services. And if luck's on our side, there could even be a release date or price confirmation, which would be helpful for those looking to start setting aside some savings to purchase it this holiday.

After all, there's been a lot of talk about how much the PS5 will cost. As it pertains to Sony's history, it's easy to feel anxious when it comes to pricing a new PlayStation console, as there's potential it will replicate the steep PS3 price point. However, the console's lead architect Mark Cerny has declared that the price "will be appealing to gamers in light of its advanced feature set."

As the upcoming event approaches and imaginations continue to run wild about potential price points, the GameSpot staff began to deeply meditate on how much money the PS5 will set back consumer wallets. Below, you can find a handful of predictions from the team, addressing our thoughts on the subject and how much we'd personally pay for the console. Be sure to let us know your predictions in the comments.