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Well you have to consider, that Nintendo does not make a price drop if the Wii does not sell "good" anymore. It does it, if the sales of the Wii are considerable higher than production.

I don't think they would lower production.

And my guess is, that will be next year. The masses Nintendo is stockpiling right now should be enough for Christmas. And after this one, my guess is demand will go down at the current price point. So the time for a bundle in the first country should be March/April (Wii Sport Resort is one option, Galaxy is a other option.