Nintendo respond to the recent rumours...

Last week we reported on rumours that Nintendo plan to cut the Wii's price in the US, based upon multiple retailers prepping for a price drop at the end of the month. Wal-Mart, Toys R' Us and Target are confirmed as slashing the Wii price by $50 to $199.

However, this is not part of a Nintendo led initiative, and no price cuts are to be expected in the US or the UK, according to a statement from the Big N to CVG:

"This is rumour and speculation as Nintendo have made no announcements on price. Furthermore this is most likely retailer-led, much in the same way retailers in the UK offer price promotions on our products."

Should Nintendo drop the price of the Wii? Let us know your thoughts below...