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Lets look a little more in depth at this.

Wii price cut week 1 with Wii Fit plus: 32k.
Week 2: 29k
Drop of about 9%.

Ps3 last week: 37k
this week: 29k
Drop of about 22%

LAST YEAR:
Wii: 22000 (up 30%!)
Ps3: 5875 (up 400%!)

TWO YEARS AGO:
Wii: 22000 (up 30%!)
Ps3: 11000 (up 250%!)

Wii is doing better than it EVER HAS in Japan SAME WITH ps3!

I'd say the price cuts worked wonders.