According to an Engadget report, citing a "trusted source" Nintendo will cut the price of its Wii console by 25 percent to $150 on May 15.
Last month Nintendo of America president Reggie Fils-Aime said that a price drop is one of the tools the company might use to extend the Wii's lifecycle.
"The Wii has a long life in front of it," he said at the time. "We're still sitting at $199. There are a variety of marketing tools at our disposal."
The Engadget report further speculates that the timing would be good because it would be a good lead in to the Electronic Entertainment Expo, but by the same token price cuts and E3 go together like peanut butter and jelly. A new game bundle might also be another reason to give the system a price cut..
We'll have more on this story as it develops. Hopefully it's true.