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The price alone isn't the problem.
If the launch came paired with great new games it would be a whole different story, like as if it would be a new generation console like a PS6 with new exclusive games I doubt that the price would even be an issue. People would still complain, but they'll get over it.
From what I've seen it's practically only PS5 'Pro Enhanced' games, which are mostly games that have been around many years already. Plus it doesn't have a disc drive so it's more expensive if you want disc support too.
I still got an original PS5 (with disc drive), I mostly only played PS exclusive games and a few games that I prefer on console, it's perfectly capable of doing 4k and/or high resolution graphics and framerates depending on the game. I don't see a reason to upgrade to the Pro at all. And I think new players are more likely to just go for the PS5 Slim instead.