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The Wii U is already at a good price for what you're getting. I don't see why people want it cut so much. Here, I'll put it this way. The only way a price cut will happen is if:

A: Nintendo decides to release a GamePadless SKU

B: The GamePad becomes much less expensive to produce.

They have to make sure that they sell the console at a price to where they make decent profit during the console's lifetime. Just because a price cut would make us happy, it doesn't mean it will make Nintendo happy.