It's certainly put me off slightly, not entirely though. The cost of the console, PSN subscription, TESO subscription, really, I could wait a year or two, buy the console cheaper, there'll probably be a limited edition model or a new iteration, then get the back-catalogue of cheaper single player games. Something like Elder Scrolls VI will probably become £25 and last me years.
Strangely for me I think it's mostly because the subscription fee is £9 rather than, say, £4. Now, there's not much in that at all, but it's just enough to mean coupled with PSN I'd be paying a little over £10 a month, which I don't seem to quite like? £120 a year could buy me a whole lot of other games.
I can afford it, and TESO does look truly incredible. I'll probably still get it, but whereas before I was very excited and planning to play for years, I'm now not so excited and may just play for a few months.