Logically, if Sony cuts the price of PS3 to $299, Nintendo may be forced to cut to maintain sufficient price differential versus the PS3 and 360. In other words, hardware sales, while slow now, are about to get a boost in the near-term driven by price cuts.” – Sterne Agee analyst Arvind Bhatia

Wow, Kevin and I where just taking about this about 2 hours ago, crazy. I can not argue with the logic of this price cut for the Wii with the price difference between the Wii and PS3 only being $50.