Eh. I don't think Nintendo would of....Nintendo has always had consoles at sub-$199 pricing. The Wii is actually the most expensive console the N has ever had. I would agree that Nintendo, having known they'd sell this well, probably would of sold Wii + Wii Sports in Japan for USD equivilant $249, but didn't.
IMO, I think 60% of the reason the Wii is selling so well is the price, not the software or controller. This isn't a bad thing, as it's showing MS/Sony how to treat consumers (not like rich idiots).
Back from the dead, I'm afraid.