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Dropping the price of the Wii U any further this year would do Nintendo no good. Their proposition this holiday is an 8th gen system and a game (and a guaranteed good one if you get the Wind Waker HD bundle) for $100 less than the next cheapest console by itself. That's a pretty good value, and they're unlikely to get many more customers that they wouldn't already if they chopped off another $50 this year, and it would hurt their bottom line more.

As people in this thread have already said, the Wii U's biggest handicap is the software drought and not the price, and that's getting rectified this fall. We'll see how the sales look after the big games have dropped.