"Now that our competitors have put their cards on the table we think we can wait to set the price of the Wii," Nintendo Senior Vice President George Harrison said after he'd stepped offstage. "Typically, pricing for a console launching in the fall won't be announced until August or September. We were surprised Sony said it last night."
Bet on the Wii will selling for less than $200, says Scott Steinberg, vice president of marketing for Sega, one of the major game publishers for Nintendo consoles.
Source: Forbes