kber81: What is October 16, 2007?
Nintendo won't likely give a price cut until sales slag off for many months. Look at Sony and Microsoft -- Sony's sales were wretched for 7 months in the US before they gave their first price cut. It might be years before the Wii slows to those levels even at $250. And Microsoft, despite having very slow sales for almost 20 months now, still hasn't given a price cut. And sales are only getting slower. They're now selling the slowest.
Remember: Nintendo does several big-name franchise releases per year, often several per quarter. They'd likely have to go through several of those with poor sales before they'd do a price drop. If they did a price drop now, for example, they'd lose about 50 million per month of profit.
Also consider that, this year they've got their three biggest games to come out exclusively for the Wii thus far. In fact, both Galaxy and Smash will be the biggest releases they've done in some while on any console (except pokemans, perhaps), and these will certainly drive sales if they would be to slag off.
