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How much heat is Iwata going to take if the Wii U comes nowhere close to that 5.5 million shipped estimate?

Because right now, I think Jan-March sales for Wii U are going to be extremely weak with that lineup of games. Even April-June doesn't look so hot (Wii Fit U is going to be a dud for Nintendo, it's time has passed, people aren't ponying up for $350+ to play a few new Wii Fit minigames).

At $300-$350 with no new type of Wii Sports phenomenon, this is a system that's going to be restricted to basically the most hardcore of Nintendo fans. 

I don't think Nintendo has a choice. Even if they do, it's basically off the table if PS3/360 get price cuts around summer time, which are quite frankly overdue. 

You can say "don't drop the price", but who the hell is the audience for this machine then? Older Nintendo fans with their own disposable income? How long can they carry the machine? This is a one-way ticket to GameCube-land.