George Harrison, Nintendo of America's VP of communications and marketing, told Reuters that Wii will stay at $249 for the foreseeable future. "We think we're in a great position. Both our competitors took price reductions and it hasn't stalled our momentum at all... Most importantly, we're going after an expanded audience that they are not in a position to capitalize on," he added.
iTWire's notes: Still the 'foreseeable future' could be debated, as Harrison is set to leave Nintendo this coming December.