Switch 2 is $450, not $499. Mario Kart Bundle is $499. Mario Kart World, separate physical/digital copy, is $80 (industry standard for tentpole releases are $69.99). Gamers have already showed the value of these releases are worth the upcharge since the PS5/Series X/S launches and subsequent resell on places like eBay. Gamers are showing the price is right within their boundaries for Switch 2, and the product appears worth its value at this time. At least for these early adopters.
Further software releases, and the quality of Mario Kart World/launch titles, will determine the machines legs over the short term this summer, and whether the price remains worth the hurdle to jump over. Plus there is a question of whether the camera gimmicks will go viral or not for the social potential it has, being used both locally and online. People are bound to get goofy with it and share it online.
If word of mouth is good from early adopters, kids will be asking for the machine early leading into Christmas.
Fun fact, the Wii was originally going to retail for $199 in the USA, but retailers argued that the machine would be seen by the market as cheap and low value at that price. So Nintendo knocked it up to $249.99 and packed in Wii Sports. The Wii was sold out for years and was reselling for much higher prices on the usual websites, showing that its market value was quite high.
People will complain about anything. Behavior is the thing to watch. Whether it's successes like Assassin's Creed Shadow's, Nintendo's hardware/games, or flops like Dragon Age and Concord. Determining the value of these products clearly aren't as simple as reading a series of social media posts that spam outrage, or even praise. The Switch dynamic is the future, considering PlayStation, Xbox, and Steam are all releasing or developing products to compete in this hybrid space. Indeed, because the prices are so high, there isn't going to be room for everybody in this space. There will be blood. Winners and losers.