WOOHOO!
Too bad i already own one.
http://money.cnn.com/2009/09/24/technology/nintendo_wii_price_cut/index.htm?postversion=2009092406'World's most popular home video game system' will sell for $199.99 starting Sunday.
Nintendo Wii video game console
Screenshot of a previous Nintendo Super Mario Bros. video game
Grooviest gadgets through the years
NEW YORK (CNNMoney.com) -- Nintendo said it is cutting the price of its popular Wii video-game console by $50 to $199.99.
The 20% price drop on the Wii, which features a motion-sensor remote, will take effect Sunday, according to a Nintendo statement released early Thursday.
The new price is the first reduction since the console launched in November 2006.
The interactive Wii immediately proved wildly popular across demographics -- including rehabilitation centers, to aid patients' recovery -- and demand for the console outstripped supply more than a year after its initial release in November 2006.
Earlier this year, Nintendo Chief Executive Satoru Iwata said the company had sold 50 million Wii units.
The company said in a statement Thursday that it hoped the new price would attract consumers who were on the cusp of becoming gamers. According to its own research, Nintendo said there are about 50 million Americans who fall into that category.
Nintendo's price cut mirrors recent moves by two rivals. In August, Microsoft (MSFT, Fortune 500) slashed the price of its high-end Xbox 360 "Elite" model by $100 -- just days after Sony (SNE) cut its console PlayStation 3 by the same amount.