Nintendo announced today they are slashing the price of the Wii to $199. Sales of the Wii this August compared to sales of the Wii in August of last year are down almost 40%. Does this really come as a surprise to people?

The Wii has been out since 2006. How many years is Nintendo going to promote a failing system? Perhaps until they re-think how a gaming system is supposed to function and come out with a new console.

Will this new price drop make hoards of new people buy the Wii? Not likely. As sales of other systems with blue-ray players, HD, and real graphics continue to soar, the Wii will probably end up being great for 12 year olds, 60 year olds in physical therapy, and novelty collectors.