It's official, Nintendo Of America has released word that the Nintendo Wii, the most popular console in recent years. Nintendo drops the price from $249.99 to $199.99, a price drop of 50 dollars. Originally thought to be the cheapest gaming console on the market, it has continued that trend. With Microsoft's Xbox 360 Elite dropping to $299 and the Playstation 3 dropping to $299 as well, this next generation could be the most affordable and competitive one.

“Wii has reached more video game players than any game system before because it attracts everyone—both men and women, and people of all ages,” said Cammie Dunaway, Nintendo of America’s executive vice president of Sales & Marketing. “Our research shows there are 50 million Americans thinking about becoming gamers, and this more affordable price point and our vast array of new software mean many of them can now make the leap and find experiences that appeal to them, whatever their tastes or level of gaming experience.”

Upcoming releases for the Wii include but not limited too Wii Fit Plus which launches October 4th, New Super Mario Bros Wii on November 15th. Check out other info on upcoming Wii software releases below.