I don't see what the big deal is here. I will side with Capitalism any day of the week. Cdude is, for all intents and purposes, saving his Wii for someone who values it at that price. Its all supply and demands friends. When the demand is what it is now, and the supply barely or almost keeps up, then the value = cost. When the demand is higher, and supply is not keeping up with the demand, the the value > cost.
So peeps, when supply is less than demand, costs go up. They should go up to keep the market working. If people don't like it go to Cuba. When a price is fixed and demand increases, supply will NEVER keep up. If, however, prices can be adjusted, and demand increases, Supply will be able to meet the demand at some level.
If, for instance, Cdude has the last Wii in his state, then he could set the price much higher and people would pay for it. There is no shame in setting prices whatever you want, so long as people will pay it. There is nothing terrible or "douchebag" like quality to it. It simply is what it is. Profit.
If people are willing to pay, then they deserve to "get burned." I personally don't believe that people will pay more than something is worth (valued to them). If they don't want the product at that price then they won't buy it. Simple as that.








