Nintendo Wii Price Cut Coming September 27

It seems as though every console price cut is preceded by a wave of online leaks before an official announcement is made.

Nintendo is no different.

A "Toys R Us" advertisement seems to be confirming that the price of console forerunner Nintendo Wii will be cut to $199.

The price change of the Wii would come just weeks after both Sony and Microsoft announced price cuts on their consoles bringing each to around $299 for comparable models.

However, it seems as though Microsoft's price edge with a $199 Xbox 360 Arcade will soon be met with a $199 Nintendo Wii effective September 27.

Nintendo could easily do without a price drop as consumers appear to still be enthralled with the motion controlled system which should now remain the cheapest console.

Alas, I still do not foresee any increase in sales for the Wii with the minor price reduction.

PS3 now $299, Slimmer Model Sept. 1, Firmware 3.0 Update Coming Soon

Once again, Sony is unable to keep any secrets.

Announced today at GamesCom in Cologne, Germany - and to no one's surprise - is an immediate price cut of the Playstation 3 down to $299.

Also, a nameless slimmer version of the Playstation 3 is due to hit retail shelves September 1 and will include a 120 GB hard drive.

Take a look at how the new "slim" model compares to the original PS3.

Check out the announcement from Sony's Playstation Blog:



Another new firmware update for the Playstation 3 is due for release very soon.

Update 3.0 will feature graphical changes to the XMB including a new "What's New" function that will automatically upload news updates and videos on your XMB - so your connection can be slowed even further - and icons linking to the Playstation Store under the "video" and "games" tab - so you can accidentally purchase things easier.

For a full look at the update, see below. Also note the date the PS3 displays. Do you think it may have any significance?