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I'm not sure the Wii U needs a price cut ...

Its sales in Japan and North America have been strong for a newly launched system and we will have to wait and see how sales go in the new year to know if there really is a problem with demand in these regions. If Nintendo doesn't see strong enough sales with game releases, or if there are declining sales, it could see a price cut but I'm not convinced that it is needed yet.

The PS-Vita is a different story though. Its sales are abysmal and it really needs something to kick-start sales, but I'm not sure Sony can afford a price cut; and they probably can't afford the price cut it really needs ($199 with game and memory card).