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FishyJoe said:
Nintendo could drop the price of the Wii to $149 and still lose less money than the PS3 at $299.

Well, yeah. That's only a $100 drop from launch price, while the PS3 at $299 would represent a $200-300 drop.

 Hell, on launch day, Nintendo could have given the Wii away for free and lost less money ($200) than Sony was on the 60 Gig PS3 ($250).