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I dont know that I would call that cheating. If they cant meet demand, then the potential sales from December will be divided between December and January. So, lets say that they would sell 1.5 million in December without supply issues. With supply issues, lets say that they sell 900,000 in December and 1 million in January ( the remaining 600,000 from December plus 400,000 from regular January sales). The system will sell the same. The only difference is if those sales are spread across one month or two. I dont think that this will make a difference to Nintendo, financially speaking. If anything, I would think that they would want to sell as much as possible during December so that they could say that they set December sales records.
Please note, I am not saying that the Wii will sell 1 million in January. I was just using those numbers as a hypothetical mathematical comparison.