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PS2 was cheaper at announce time, but by launch there were units priced 'competitively' (not always with PS2's capabilities such as ability to do component out, but almost always with a better UX).

I should note the 'other' option that came up back then at college was just tossing a DVD Drive in a computer that they had or had purchased; by that point a majority/plurality of new/recent desktops had enough horsepower to do it, though drives were still fairly expensive...

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