Nintendo has said that the Wii will launch in the fourth quarter of 2006 and will cost less than $250. Nintendo has recently said it will cost a maximum of 25,000 yen. With taxes figured in and shipping costs, that comes out to about $223.
A very attractive price when compared to the high price of Sony’s Playstation 3 ($499 - $599). And you get an innovative remote with built in motion sensing, and possibly a port on the Wii for an audio device such as a microphone. I wonder if the recently discovered audio-in port in Wii schematics could be used to connect a device such as an iPod. That would definitely put it on-par with other gaming machines. Nintendo innovates and does it at a low price.