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HappySqurriel said:
At this point in time there is little that Microsoft and Sony can do that will have a meaningful impact on the Wii U ...

For the first year of its life the Wii U will be selling primarily to die-hard Nintendo fans and early-adopter/hardcore gamers. These people will either already own a HD console or be uninterested in what they offer, so a price reduction or game release will (probably) not impact Wii U sales.

If the Wii U starts off selling to the mass market consumer to an extent that PS3 and XBox 360 price cuts have an impact on sales, the Wii U's sales in its first year will be unbelieveable.

Basically this. Nintendo fans will get it regardless.  Techno-weenie early adaptors would buy it anyway.   Unless Nintendo totally screwed up (which they haven't) WiiU will have solid sales (like sell-out) through the holidays and beginning of the new year.    It's from March on when the hype and the early demand has died off that we'll see WiiU's true potential and when price cuts / Super Slim models / info on 720/PS4 would really have a meaningful effect on WiiU's sales.

Although I'm sure Ms/Sony are more interested in their own sales than Nintendos, so they'll do what's right for them, more than what messes WiiU up.