The Nintendo Wii U was announced yesterday and has been pegged for an 18th of November release. It has also been priced, putting an end to the rumors and speculations. For those who might have missed our coverage, the basic Nintendo Wii U set will cost $299, while the deluxe set will go for $349. This wasn’t too far off the mark considering that back in May a Walmart Google ad had the Wii U priced at $349.

In any case while it’s not overly expensive, it certainly is priced higher than its predecessor, the Wii, which was priced at $250, so will we eventually see the Wii U get its prices slashed to that $250 level? According to analyst Michael Pachter, he believes that will be the case. In his report, he wrote that the Wii U’s current prices have been set that way to capitalize on Nintendo’s core gamer fanbase, and that we can expect to see a price cut by the end of 2013. What do you guys think? Will Pachter’s predictions hold true, or are you “pleasantly surprised” by the Wii U’s price and are happy to pay its asking price or would you rather wait for the price cut?

Filed in Gaming. Read more about Nintendo and Wii U.

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