Responding to the first drop in Wii sales since their little white console hit the market, Nintendo is planning to slash the price tag on the Wii down to $200. The price cut will take effect through the end of September and the beginning of October.

Nintendo has resisted changes to the Wii’s price for some time now, ignoring the price cuts on the Xbox 360 and Playstation 3, largely because the Wii was still anywhere from $50 to several hundred dollars cheaper than the other boxes. This move represents a major shift in Nintendo’s console strategy.

You can read more at Bloomberg.com.

Now if they’d just get on that Wii-based Pokemon MMORPG…