When you are talking about a factor that was present in the initial build of momentum, it's relevant.

The $100 PS2 price cut was an aggressive move initiated by Sony to stop the Gamecube and Xbox from gaining any momentum.  It was even called an aggressive move in Sony's own press release.

Nintendo and MS had no choice but to follow suit with price cuts of their own.  The PS2 had sold 28.68 Million worldwide as of March 31 2002.

The PS2 price cut was made on May 14th, 2002.  The Gamecube price cut was made on May 21, 2002 - the Xbox price cut was made on May 15, 2002.  Sony caused the deep price cuts early on in the life of the Gamecube and Xbox, not Nintendo or MS.

The SNES won the 4th gen, and it was the most powerful console.

Look at the list of 3rd party developers who went out of business last gen due to increased budgets making PS3/360 games and somehow Wii was the one that was bad for the industry? I don't understand some people's thought process.

Also here are some of the terms used to negatively describe Wii, novelty/gimmick/casual

novelty-the quality of being new, original, or unusual.

gimmick-a trick or device intended to attract attention, publicity, or business.

casual-relaxed and unconcerned.

So basically when people say these things about Wii, they are calling it a device that uses new, original ideas to attract attention and allow people to play games while relaxing. That sounds like an awesome product to me.

Sorry. I forgot lol. Anyway i just knew the SNES was more powerful than the Sega Gensisis.

I'm pretty sure SNES was more powerful than Genesis overall, although Genesis did outperform it in certain areas like CPU speed or "Blast Processing"

Almost outselling their Lt even before the pricecut.

And that is somehow relevant?

The PS2 had been out 24 months by March 31, 2002 (when it had sold 28.68 M) - a full 2 years on the market.  

By the time the Gamecube was launched in each region (i.e. Japan, N.A. and Europe), the PS2 had already sold 24.18 Million units total (WW) within those regions (6.85-JP/8.55-NA/8.78-EU).

From the time of Gamecube's WW launch dates to the date of March 31, 2002, the PS2 sold only 4.5 Million units more (28.68M minus 24.18M = 4.5 Million).

In that same timeframe by March 31, 2002 the Gamecube sold 3.80 Million units Worldwide.

4.5M PS2 sold minus 3.8M Gamecube sold equals  0.7 Million difference. (4.5 - 3.8 = 0.7).

With only a 0.7 Million difference in sales between the PS2 and Gamecube Sony had something to worry about.  That's the reason for the aggressive $100 price cut from Sony.

If the Idea was to point that lower price is the biggest reason for sales then ps2 selling at 299 more than gc would sell for life while being Always alot lower than that is quite telling.

Also when WiiU in 1 year at 299 lose to ps4 399 in like 4 months you know the concept is wrong. You can say the better perceived value matters, price just can't be excessive. And this also disproves gc was cheaper to make. Unless you believe they dropped 66% of the price on like 2 years and also disprove Nintendo never sell hw at a loss (which they done with 3DS). Is just that they learnt that playing pricewar with PlayStation is useless.