I'm 40 years old. I bought games for the Atari, Colecovision, NES, SNES, N64, Playstation, PS2, Gamecube, Xbox, Xbox 360, PS3 and the Wii.
With RARE exception (like $200 mech games with their own controller or off brand items like the NeoGeo), games were NEVER over $50 until this generation. Google it again for some more Toys R Us ads from the 80s and 90s for the aforementioned consoles to prove my point.
Just from the same Neogaf link I provided before, 1992 Sears Wish Book
NES games, plenty of 50, even a couple 54. http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg502-NES.jpg http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg503-NES.jpg http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg504-NES.jpg TG-16, there's some 60s for ya. http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg505-TG.jpg Genesis $50, $55, $60 http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg506-Genesis.jpg http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg507-Genesis.jpg http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg508-Genesis.jpg SNES, hey there's even some 70s in there it looks like. http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg509-SNES.jpg http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg510-SNES.jpg http://huguesjohnson.com/features/sears_catalog/sears-catalog-1992-pg511-SNES.jpg
Hey, also found this, 67$ Genesis game http://huguesjohnson.com/scans/ebspring91/pg15.jpg
Also 60$ today is worth 42.40 in 1996 dollars and 38 in 1992, so games today are cheaper.
If it's a game I really want and a company I want to support, sure.
"Castlevania: Lords of Shadow II", "God of War: Ascension" and "Metal Gear Rising: Revengeance" are already on my list. GOW is limited and I would easily pre-order LOS2 LE or whatever it's called once I know what it has and how much it costs.
theres only 4 next year i am paying full for LOS2/GTA5/FF LR and MGS GZ