I'm from Chile. Most technology here is around 1.3 times the retail price in the U.S. and we're kinda used to it, but this time they're taking it too far.
Here's a link where you can find the product. It's just the console without any games, and also the product description is very poor.
Price: CLP $349,990
Currency approximate exchange rate: 1 U.S. Dollar = 653.6 Chilean Pesos.
Other local major retailers have not disclosed their price yet, but there are rumors spreading that they will be all between U.S. $460~500.
The community here is devastated. :'(