The Nintendo President makes vague comments on the upcoming console's pricing.
Nintendo President, Satoru Iwata stated that the Wii U is likely to be priced over 20,000 yen (roughly $250). This was revealed a recent interview with the Nikkei newspaper in Japan, where he stated that the cost of the new console is unlikely to sell for the same price as the Wii .
The Wii currently retails for 20,000 yen in Japan and originally launched for 25,000 yen.