If accurate, it would be the second price drop Nintendo has issued for the four-year-old platform. The Wii dropped from its launch price of $US249 to $US199 in September of 2009. That price cut was rumored a couple weeks in advance, so Nintendo's pre-E3 price drop plans may have again leaked early.
A $US150 Wii would be $US100 less than the price of Nintendo's recently launched 3DS and the cheapest current generation console platform. It could also help revitalise flagging Wii sales, which have cooled over the past year.
Engadget's report appears to hint that a copy of Nintendo's Mario Kart Wii may be bundled with that $US150 Wii package. If so, that might be a very attractive bundle for late adopters.