Word on the announcement comes to us from the fine folks at Joystiq:
“At a news conference in Osaka, Nintendo senior managing director Yoshihiro Mori said the Wii would sell for 25,000 yen ($220) or lower in Japan and $250 (£133) or lower in the US.”
Note the use of the words “or lower” in that announcement as Nintendo appears to be holding onto the option to consider the much speculated $200 price point in North America. Either way a price point no higher than $250 does give Nintendo an advantage as a shiny new PS3 will cost double that for the “low end” version. If folks really take to the Wii-mote then the future for Nintendo may be very bright indeed.