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There is absolutely no reason for Nintendo to cut the price on any of it's consoles. Hell, they probably now wish they could actually increase the price.

As for Japan, please. That market is shrinking before our eyes (maybe except for handhelds). As someone said Japan needs games to sell the console, not a price cut.

The 360 is "almost free" there and that only blips on the radar once in a full moon (like this week).