Nintendo has now officially announced the price cut for the Wii. The original $249 price will be reduced by $50 in North America and will get dropped 5,000 yen in Japan for the Nintendo Wii. The price cut will take place Sept. 27 in both North America and Japan. Not much of a surprise because of all the leaked advertisements suggesting a Wii price cut but now its now it’s official. It seems like all the consoles are getting in preparation for the holiday season with all the price drops. There is no hints of a price cut for the Wii in Europe. We’ll be sure to have updates as soon as they’re announced.