According to an Engadget source, a price cut for the Wii is coming. It will cost just $150 starting May 15th. Normally we would dismiss this, but the timing makes sense, since Nintendo’s profits have been going down due to declining hardware sales. Plus, there’s also the rumors of a new console from Nintendo coming soon.

Also, last month Nintendo of America president Reggie Fils-Aime did hint that the Wii’s price might change in the near future. Still, we don’t have anything more official than that right now, so we will just have to wait and see, but it seems likely.

[Engadget]