I just think $350 is still too much. I bought my PS4 day one for $400, and that was 2 years ago. Their exclusives have left a LOT to be desired. I bought TLOU again despite having just completed it on PS3 like 3 months prior, because I was desperate for something to play besides BF4.
For the most part, you can still buy the same games on PS3 or 360. You have access to pretty much all the same media apps on last gen. Yes, 3rd party games obviously look/play better on current gen, but where's the must have games for PS4? I'm talking about games with mass appeal, not Bloodborne or a short, mediocre sequel to a mediocre franchise. Driveclub plays decently, but it has one of the worst car rosters I've seen in a long time. The DS4, while ergonomically a huge leap forward, it has sticks that start to come apart after a few months of heavy play, and an absolutely atrocious battery life.
So far, Knack has been their most ambitious title. I mean, come on. PS4 should cost $300 at the absolute most IMO.