Nintendo has decided to go ahead and bring down the price on their Nintendo Wii; recently, there was a rumor that it would drop to $150. There is also the evidence of the new console coming out soon, which will probably be revealed at E3, or around the time of E3 this year; this will be in late May or early June.
Project Cafe is the current name of the new console being revealed soon; Nintendo has kept it a big secret, but there have been rumors and things that have escaped their stone walls. Now we know about how it will be more powerful than a 360 or PS3 - it will have a controller with an HD screen on it - and it will be backwards compatible with the Wii and the GameCube! (Far better than the 360 or PS3, in my opinion... at least the rumors)