Looks like my guess about Wii pricing was wrong. I figured on $199 (I thought about saying "or $249, but didn't). I should have gone with the bigger number:

Gamers still mulling their options following the unveiling of cool new consoles from Nintendo and Sony at the recent E3 2006 conference might want to take a closer look at the Wii, given that Nintendo has formally priced the machine well below the competing boxes.

The price, $250, is half the cost of Sony's $499 PlayStation 3 console and considerably less than Microsoft's top-end Xbox 360 that sells for about $400.

It's now a matter of which games they have ready at the point of release.