It's absurd how many otherwise capitalists want the government to reach deep into markets so everyone can have cheap video games of all things.
Demand is through the roof, these things cannot be made fast enough. In a normal market when supply is constrained, prices go up. That's why "rare" things are valuable. Sony/MS chose to set an artifically low MSRP and force as many retailers as possible to honor it, when the market value of these items is so much higher. That's the only reason these things will not stay on store shelves and you have to go to ebay and back alleys and what not, because retail can't sell the products for what they are actually worth in the current environment. This is completely Sony/MS' refusal to take a PR hit of a price raise to adapt to actual conditions, and the government should not be stepping in to cover for their mistake. (Although I wouldn't mind if they made price fixing *actually* illegal and retail could sell products for whatever they want, manufacturer be damned.)
If you really thought that entertainment electronics were a more essential material right than stuff like food, shelter, or even transportation, the government should be investing in local chip fabs, so that demand could actually be met. Rather than trying to cut scalpers out of some random lottery system because in the end there would still not be enough consoles to make everyone happy.