Nintendo Wii is Still Hot

The Nintendo Wii console continues to sell like hotcakes, even better. Brand new wiis sell for close to $350 on CraigsList. The Wii is outselling PS3's 6 to 1 in the latest month. At E3, the president of Nintendo America says “Wii has effectively been sold out for all 33 weeks,”. And he also said one in eight men over 50 are regular users of the wii. They also announced Wii Fit, an exercise pad and game. They also announced the Wii zapper, will this wireless gun accessory take the wii to the next level?

Rival Xbox stumbles with Microsoft extending the xbox 360 warranty to 3 years. Many users have reported heating problems and the "red rings of death". Microsoft scrambles to find the cause. Microsoft earlier even blamed a customer that he had faulty wiring in his house. All this finger pointing ends up costing mister softy about $1 Billion. I wonder if Bill let's his kids buy a wii??

Sony concedes ground and offers $100 price cut to entice more buyers. A week earlier, they denied there would be a PS3 price cut. The current model will be priced at $499. They will also release an PS3 with a larger hard drive for $599.