Nintendo has just announced that they are shaving $20 off the cost of the Black Wii console, which will now cost $129.99. The console will be bundled with Wii Sports and Wii Sports Resort, which will be on a single disk.
A price drop for the Wii had been expected as Nintendo gears up for the launch of the Wii U on November 18. Nintendo is hoping that the Wii will have the sort of staying power of the PS2, which continued to sell well long past Sony's introduction of the PS3. How likely this is will depend upon whether Nintendo continues to support the Wii, as they have said they will.