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In an interview with Nikkei, CEO of Nintendo Satoru Iwata made an indication that we can expect to see the Wii U retail for 20,000 yen, or somewhere around $250 in the US. Iwata-san also said Nintendo will most likely not be selling the Wii U at the same price as the Wii, which is currently selling for $150.
For an HD console to be released this late in the game with a touch-screen controller, $250 doesn't seem like that heft of a price when you consider what can be done between the Wii U console and its controller. We have yet to see how an actual game will look on the Wii U and we also haven't heard of its online capabilities that are said to be on par with its competitors, so until we see those two items be addressed, we'll just have to wait to see how much value future Wii U owners will get out of their $250.