The Wii may be as cheap as $150 USD next month, according to a report from Engadget, which cites a "trusted source" that says the console will become fifty bucks cheaper by May 15.
If accurate, it would be the second price drop Nintendo has issued for the four-year-old platform. The Wii dropped from its launch price of $249 to $199 in September of 2009. That price cut was rumored a couple weeks in advance, so Nintendo's pre-E3 price drop plans may have again leaked early.
A $150 Wii would be $100 less than the price of Nintendo's recently launched 3DS and the cheapest current generation console platform. It could also help revitalize flagging Wii sales, which have cooled over the past year.
Engadget's report appears to hint that a copy of Nintendo's Mario Kart Wii may be bundled with that $150 Wii package. If so, that might be a very attractive bundle for late adopters.