$150 Wii out May 15?

What we heard: The Nintendo Wii burst onto the gaming scene in November 2006 at the going rate of $250. Nintendo's white knight sold millions at that MSRP for over two years before the Japanese game company cut its price to $199 at the end of 2009. Now, as industry analyst Michael Pachter said in May, it appears the Wii's price will drop to $150.

The news stems from tech blog Engadget, which cites a "trusted source," who tells the site Nintendo is prepared to drop the price of the Nintendo Wii to $150 on May 15. Further, according to the report, the $150 price tag would also include a copy of the portly plumber's well-received racing game Mario Kart Wii.

The official story: A company rep told GameSpot, "Nintendo does not comment on rumors or speculation."

Bogus or not bogus?: With the Wii having been regularly outsold by the Xbox 360 over the past few months, the time seems right for Nintendo to cut the price of the system. As for the purported May 15 date when the price change is to go into effect, a more likely time for the announcement to be made would seem to be the 2011 Electronic Entertainment Expo, which is slated for June 7-9.