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hatmoza said:

I'm really interested in seeing how the Wii's 1st pricecut would effect sales. Never did I think a PS3 pricecut could threaten the juggernaut that is the Wii to have a price drop itself.

I strongly doubt this is in response directly to the PS3 price cut.  I'd take a very strong guess that it has to do with the 360 price cut, the PS3 price cut, the economy, the slowing sales, why the sky is blue, why my farts stink, and why my wife is a collosal bitch. 

Thinking this is solely in response to the PS3 is pure ignorance.