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I don't think Nintendo have made the right call cutting the price of the Wii so early in the year, it won't have a substanstial effect without software support (which we now know isn't coming till at least Q3), momentum as well won't be helping them at christmas either (unless they make two price cuts in a year, but that can't be possible surely)

Right now Wii sales are bad YoY but are still very much in competition with the 360 and PS3, its not getting sold out by 200K/300K monthly so I don't think this is really nessecary worldwide, Japan is another matter though, but again, its got no software to accompany this price cut, so I don't see a long lasting effect there, overall, an unnecessary price cut imo