[QUOTE=kupomogli;1826951]The 3DS costs $250. I'm sure the Wii U would cost more, especially considering that Iwata stated the Wii U isn't going to be cheap.
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But, Nintendo admitted they inflated the 3DS price due to the excitement they saw for it at E3 and after. This has arguably backfired for them with the 3DS sales post-launch not being that impressive (it has yet to sell 1 million in NA).

It should have been retailing for $199/£160.

I imagine they'll want to avoid taking a similar path with the WiiU. If it costs more than £250, I won't be buying until a price drop.