CGI-Quality said:
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Damn Brooklynites!! 
On topic, I don't know if its good or bad, I'd say good in the sense that it went 3 years without a pricecut, where the HD systems had a lot of reorganization and price cuts. Also, good in the sense that people are being more frugal this year with the economic downturn. While the economy started going to hell last year, the brunt force didnt really hit hard until earlier this year. For example, many people I know took local or no vacation trips this summer to save cash. These same people will likely be looking into cutting back on their gift giving. So the lower price, in competitive range with the 360 Arcade, will in turn draw that "on the fence" audience to the Wii, especially when they see it at a price that's less intimidating (see my other post about $199 vs $200)
The negatives are few, but everpresent. Price cuts fade quickly, and Nintendo will need to keep up the pace with their games. The Metroid Prime Trilogy, SMB4, FFCC, and for the horror fans - Silent Hill, will do the job for now, but what's 2010 going to bring? Will the new Zelda be out for 2010 holidays? What about Star Fox and other big franchises that we haven't seen yet. What will be their "Natal/PS3 motion" killer? There's a lot of questions for 2010 and few answers. A dull 2010 library could have been countered with the pricecut then. A lot of people feel that the price cut was unneccesary for right now and better reserved for a later date.
Of course, nothing official has been announced by Nintendo. Perhaps Toys R Us doesn't want their Wii's sitting on the shelves without a price cut, and they decided to take the hit on the retail level.
