It's obvious it's not competitively priced in most of the markets where RRP is known, at least now.
To have the slightest chance of making a dent in the markets it's targeted for...
The RRP needs to start at (or just above) the SGSII's best street price, & gradually drop from there.

Telco plans need to be similarly competitive, from what I've seen so far in Australia, it's not too bad.
But it definitely needs to improve a bit....

If they're not more aggressive in both areas (particularly retail here), then they're setting themselves up for failure.
If they can't afford to be more aggressive because they'll be selling at a loss, well than I hate to say it.
But unfortunately there'll be zero commercial succes for what was to be their 1st mass-market, consumer-focussed top-end for yrs.