I don't think they have a choice.
We know sales won't increase until Mario Kart 8 in May, but leaving the console at $299 with its current included games is suicide since consumers would still have to purchase MK on top of that.
So I think at the very least they'll bundle MK8 for $299, which would lose them less money than a price drop, but as I've said before that's a bit of a jab compared to a one-two combo and waiting until the holidays to drop the price won't create that extra allurement that the system needs for Kart.
Therefore, I think the best thing to do would be to take the hit and just do the MK8 bundle for $249 in May. Yes, they'll lose money in the short term, but not selling as many consoles at this point is also not getting your games out to as many people. At least with the release/bundling of MK coinciding with a drop to $249 it would have a tremendous effect on sales, on garnering some interest for the console, and it'll make all the stuff they show at E3 even better knowing that things are going to be smoother here on out.
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