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Isn't he also the one who offered in an EGM interview $1200 if you could find a PS3 sitting on a shelf?

Here's how I see it - At $200 (the cost of the console alone, at most), Nintendo could turn it into the new Gameboy, and release updated editions every 2-3 years. These would be backward compatable, but offer substantial upgrades at a reasonable price. So in 2010, when the price of all this hitech stuff the 360 and PS3 have paid a  premium for have dropped dramatically in price, Nintendo could probably get away with launching a more powerful Wii2.