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They're still not meeting demand at this point. A price drop in the near future would be madness on their part, and make the short supply even more apparent. Once we start seeing Wiis sitting on store shelves for more than .35 seconds they may begin to consider it.

Keep in mind they're not Sony or Microsoft, I'm not sure how much they make per console, but that will be the biggest factor. Their consoles have to make a profit.