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Could've been worse I guess. I know they did their best considering ridiculous market conditions, but it's a hard sell if this was meant to compete with consoles, you can still buy a normal console for roughly half the price.
In terms of being a prebuilt gaming PC, it's not bad. Some people have said a similar spec PC is roughly $100 cheaper if you get everything yourself. Now the question is how much stock Valve actually has to sell, because I assume they won't have that many made because of the component shortages...