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As an Australian Wii owner.. i highly recommend you do everything in your power to purchase a NTSC Wii -- if you are not too fussed about waiting for games, then just get one here now, play wii sports, zelda, strikers, and the 3rd party titles of your choice until super paper mario (sept), metroid (nov), galaxy (nov) and brawl (2008) come out -- given you have a 360, the waits won't be as hard on you

I don't see a price cut coming any time soon, however there are great deals at stores like target and jb-hifi which pretty much give away a game with a Wii all for $388.. the last two i saw was the deal i just mentioned for strikers, and more recently for resident evil 4