Does Nintendo's white box of magic need a price cut?

The more business-savvy amongst you will be aware that the Wii isn't selling as well as it has been previously. At a recent Nintendo investor's meeting, Nintendo president Satoru Iwata was asked during a Q&A whether a price drop would be coming for the Wii. He replied:

It's not the case of the quality of hardware moved, the feeling of missing strong competitive power, lacking its luster or poor sales. Consistently, big time titles will be released in the marketplace for this hardware. When that stops, to reinvigorate the console, or to put it another way, I think the current decline in hardware sales is due to the fact that there aren't many big titles (at the moment).

Does that mean Nintendo is going to cut the hardware price tag, Satoru?

Right now, there aren't a lot of discussions going on about what exactly to do about hardware pricing.

That would be a no, then.

Iwata's focus on new big titles to keep Wii sales high is surely good news for the fans. Nintendo is obviously more interested in the titles they produce now, which means lots of AAA games could be coming our way shortly. I don't know about you, but I have my fingers crossed for a new Starfox.