Yeah it's pretty pricey, not very fond of that price point, but VR headsets and devices are pretty pricey to begin with. I figured it would go for like $400 and $500 anyway, so it fits into that price point.
You still need the PS5 in order to play it, so not really. It's not one of those headsets that can be played by itself, it will need a PS5 in order to work, so that's going to cost people well over $1000 if they don't have a PS5 yet.