
If it's one complaint that people have been having with the Nintendo Wii U, is that - for various reasons - people consider it to be too expensive.
At launch; the Wii U was offered in to variations:
"Basic White" - which included an 8GB white-model, an HDMI cable, Gamepad AC adapter, and console AC adapter. $299
&
"Deluxe Black" - which included everything in the Basic package ~ plus - a 32GB black-model, Nintendo Land, console stands, Gamepad cradle and Gamepad stand. $349.99
Nintendo took this route to make sure that their new system was accessible to any and everyone - those who had money to blow and those who were on a tight budget. Yet, it actually happened to be the more expensive option that sold more.
But despite the fact that most flocked to the more expensive deluxe-model, for whatever reason, some still considered it to be too expensive.
So now what has Nintendo done? Even though they're selling it now even lower than the manufacturing cost - they've eaten some humble pie and have slashed the price even lower. Now they've nuked the Basic package altogether and have replaced it with a Deluxe model at a the original price of $299.99
So then; that puts the Wii U at the perfect price-point. Not just a perfect price-point to get people to stop whining and crying - but also at the perfect price point to combat with the PS4 and even more-so; the XBOX One.
Not to mention that the Wii U will also be getting an onslaught of major first party titles - all one month after each other, with the Wind Waker in September, Wii Party U in October (with the exclusive Sonic Lost World), Super Mario 3D World in November, DK: Tropical Freeze in December and Wii Fit U by the end of the year. Big-name franchises that have the high chance of bringing in big-time sales. Not to mention the plethora of indie titles, and a solid line-up of 'AAA' third-party titles to accompany the masses. Once again - Now at the measly price of $299.99
Still think it's done for?
Plus a few other bits to tide you over.

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It's still not doomed. We get it, Azure.
What does this blog do, other than restate things we know already with a little "Still thinks it's doomed?! HUH? HUH?!?" comment?
"despite the fact that most flocked to the more expensive deluxe-model, for whatever reason, some still considered it to be too expensive"
What kind of ridiculous logic is that? What does it matter if most people got the more expensive model if it still wasn't selling well, to the idea that some people think it's too expensive? If expense was part of the problem, it doesn't matter if the small number of people that DID get it got the more expensive model.
I certainly don't think it's done for. May not be a roaring success, but I think it will sell decently now that the price is lowered and games are coming out.
*Ahem* I welcome all the inevitable phantom disagrees.
When WiiU and Vita come down to 150 then people will pay attention. Still too steep for what they offer. 360 and ps3 needs to get down to 150 too.
The price drop itself means nothing unless sales and dev support get better.
Personally, I still wouldn't buy a Wii U at the new price.
Yep. They're screwed. They have very little to offer a majority of gamers. The kids who just had to have a Wii a few years ago, have long since traded in their system and graduated from the kiddie friendly titles of Nintendo to more mainstream mature titles.