Nintendo said during E3 that they would have a lower price tag than the Playstation 3 and Xbox 360 and here it is: Under 250 Euros (About $320 USD or $355 CAD)! Amazing price!

Japanese video game maker Nintendo Co. expects to price its new Wii gaming console below 250 euros ($321.50) in Europe, its head of German operations said on Wednesday.

The company has earlier said the Wii would cost 25,000 yen ($215) or less in Japan and $250 or lower in the United States.

"The price has not been decided yet, but I expect it to be … less than 250 euros," Bernd Fakesch told Reuters on the sidelines of a gaming industry conference.

The Kyoto-based company will release the Wii, which features a motion sensor-enabled controller, in time for the Christmas shopping season, going head-to-head with market leader Sony’s PlayStation 3 console in the nearly $30 billion global video game market.

Fakesch said the exact date of the launch was not yet decided, but that it would be "in due course".

He said the firm hoped to sell 4 million units of Wii globally by the end of the year, and reach sales of 6 million by the end of March 2007.

The company also unveiled two new games for Wii: a jump and run soccer game called Mario Strikers Charged, and Batallion Wars 2.

From Reuters.