Looks like the rumors were true. Nintendo’s Wii is about to get its first price drop after great sales for three years straight. The console has been sold for $249.99, but on September 27th the Wii will be priced at just $199.99.

Apparently an official announcement is expected this Friday, with retail stores beginning to sell at the new price on Sunday. Great time to get a Wii if you haven’t already taken the plunge.

Weekly newspaper ads are pretty easy to fake, but we have a feeling that this one is real and if that’s the case, it means we’re getting a Wii price cut on September 27th. Either that or someone at Toys R Us has been hitting the crack pipe.

If it’s not true and you can expect a price cut next holiday season rather than this holiday season. Just be patient and we will see what Santa brings us. The other guys got a price cut, so Nintendo would naturally want to stay competitive.

The iPod shuffle, still the tiniest of iPods, has just seen a price cut of $30 bringing the formerly $79 media player down to $49. The shuffle has no display with a 1GB capacity, the ability to hold around 240 songs and is coming at the $49 price in a multitude of colors.

Last we noticed there wasn’t anything else from Apple showing any price changes, but at the time of this posting the Apple store is actually down. This, especially on a Tuesday, is usually a pretty good indicator that something is happening. We’ll keep you posted…