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oni-link said:

I predict Wii-U costing $349.99 at launch with 1 SKU!!! That's a lot less expensive than what the PS3 or my 360 cost during launch.  This will be a very interesting gen 8.

It's certainly possible, but to make an accurate comparison (based on what we've heard about Wii U), the Xbox 360 launched with pricier tech in relation to 2005 than Wii U is launching with in relation to 2012.  While Xbox 360 sold at a pretty big loss, the "core" console launched for only $299, with DVD playback and no HDD.  That's why it's completely reasonable to me that Wii U (with no movie playback and no HDD), could very well launch at $299 if Nintendo were willing to take a small loss (as they currently are with 3DS).

$299 would already be the most expensive Nintendo system ever, but I agree that as high as $349 is a possibility.  Definitely not more than that, though.