Nintendo Wii to cost below $250

Here’s some good news for those on a shoestring budget when this year’s holiday season rolls around. Nintendo has announced that their new next-gen console, the Wii, will be priced below $250 in America. This is a stark contrast when compared to Sony’s wallet-busting $499, for the low-end version at that. It is also cheaper than Microsoft’s Xbox 360. Nintendo has plans to ship 6 million Wii consoles between its launch this 4th quarter and then end of their fiscal year in March next year. Will parents make a beeline for the cheapest next-gen console, or are they willing to break the bank to satisfy Junior’s insatiable appetite for pretty graphics?