I don't care what they cost. I'm in no hurry and I will buy it when it reaches the regions of ?15. If people want to pay through the nose to be hip and fashionable, let them. That way, the companies won't lower the initial prices.
Now, I have absolutely no idea about inflation and the like, but I remember paying for a new PC game in the Netherlands during the 90s about 100-110 guilders (pre-?). At the launch of the euro, 100 guilders was roughly ?55 and games costed about ?50. So, they were cheaper. I checked my local gamestores today, the most expensive non-special edition game (CoD4) ranges in price from ?45 to ?55. So you don't here me complaining.
Can't give you numbers on console games though, my first console I bought that wasn't retro was a PS2.