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Kantor said:

But why would they? It's a huge risk, and there ought to be plenty of demand for the Wii U even at a significantly higher price.

Remember, Sony were sitting on mountains of money from the PS1 and PS2 back in 2006, and look where loss leading got them then. It took three years to get themselves out of that hole.

You mean it took three years for them to start clawing their way out of the hole.

They're still in there.

Also this price seems critically unlikely.