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Obviously it won't happen soon but it's fun to speculate when it might happen.

I think between May-September next year there's a slight possibility for a drop, especially Europe where it doesn't seem to be doing quite as well. However, as others suggested, bundles and colours will come first, plus Nintendo needs to have a good supply in every territory before I think it will seriously consider dropping the price in any of them. Otherwise it might as well divert those European Wiis to North America or Japan.

The drop, when it comes, will probably be small, like others suggested. $20-$30.