I doubt it's paving the way for a new home console just yet. Let's get some perspective here, the machine launched at $250. The Wii has had what--one real price cut compared to its competitors? For all the talk of its declining sales, on a global level, its weekly sales are still neck and neck with 360 and PS3, which have both seen major hardware revisions, numerous price cuts, as well as major new hardware add ons and consistent, significant third party support from all major third parties. I suspect the poor Q2 line up is simply Nintendo giving 3DS as little competition as possible as it establishes itself on the market, it is after all, Nintendo's fanbase that will pick up the device first. This price cut may also be designed to compensate for the lack of heavy hitting software on Wii in Q2. Nintendo's evergreen titles will also continue to sell and bring in money.
Don't count the little white box out just yet. The price cut will pump some short term momentum into the machine, and a good Q3/4 line up, topped by Zelda, will ensure another bumper festive season for Wii, leaving E3 2012 clear for an N6 reveal. At this point Wii and Wii software is easy money for Nintendo, even if it isn't setting the world alight the way it used to. There's still Wii Play Motion, Skyward Sword, Xenoblade Chronicles, Last Story, Kirby, Pandora's Tower, Rhythm Heaven to come, with perhaps a couple more announcements at E3. The price cut and that last wave of software will be the last big push for Wii, and then it'll be N6 in 2012.
