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Honestly, they can barely keep it in stock around the world. It's breaking all these records, selling twice as much as the others. Don't expect any substantial price drops until it's out for about 2 years OR sales slow down out of nowhere, which I don't see them dropping down to nothing. If things stay reasonably well, I'd say expect a 50$ price drop in early - mid 2009. The only thing that might force them is if the core drops down lower then the Wii which I also don't see happening for a while.

I'm sorry but the price won't be going down overly soon, you're more likely to see colored versions of the console which always seem to spike sales a few weeks, and THEN a price cut a few months later. A sure sign, if you ask me, that a price cut is coming is the release of multi colors or a redesign.