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One of the key areas I think people are forgetting about is software. If what we are hearing is true then Nintendo has focused all their efforts on the WiiU and ignored the Wii which hopefully means a massive software lineup at launch. The 3DS didn't start selling well until Nintendo released their Mario games and I foresee that an excellent software lineup at launch would make a high price tag more reasonable.

That being said I don't see the WiiU's price going above $400 and even then my guest would be at $350. The WiiU is going to be more expensive than the Wii of that there is no doubt however they have had enough experience with the 3DS and saw what happened to the PS3 to know not to price there system too high.