Price is definitely a factor in why PS3 is doing so poorly (relatively speaking) as can be seen from how much sales increased last year after the price drop. However. that is Sony's error of judgement in adding tons of features, trying to make a living room computer and a trojan horse in the high def disc format war and thinking everyone that bought a PS2 would buy the PS3 irrespective of price.
However, to say Wii is only selling because of the price is bordering on retarded for a number of reasons. e.g. ebay has shown many people are willing to pay much higher prices for Wii, Wii has not even gotten to what is considered the sweet spot price for consoles and Gamecube was much much cheaper than Wii and still didn't sell very well.
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