It seems evident that Nintendo's strategy now is to simply minimize losses/damages from the Wii U, so they're not willing to take a big loss on the console if it's only going to sell 15-20 million machines either way.
So I guess the answer to the question is they'll drop the price when ever it's feasible to drop it without incurring large losses.
Which is complicated by the fact that they're not selling very many of them, so mass production costs probably remain high. If they were making a lot, they could drop the price probably easier because the price of components would come down faster if they were ordering tons of them.
Anyhow, I think they *might* be able to cut this holiday to $249.99, but more realistically I think you're probably looking at spring 2015.
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