In an interview with Game Daily, Iwata the (Nintendo Master Mind) may have let the price slip. His answers was quite unpredictable, what he replies with gives us a little clue on the price point.

When asked about Electronic Gaming Monthly's article as to whether or not the Nintendo Wii would be released at a low price of $249 USD, Iwata had this comment:

"As you know, that is speculation and we did not comment on the price point at all. What we've been repeatedly saying is that it's going to be an affordable price point, and when we say affordable, you may want to check our past records of price points, launching price points for any past hardware... I think you'll agree that we always come up with an affordable price point. So when we announce the Wii price point in the near future, I believe you are going to say, "That's an affordable price point."

Most Nintendo consoles have been sold for $200 in the past. So i'm going to guarantee a price range of about $200-$250 or less. This interview was quite an interestion one.