Probably it has been said already, but I just realized something regarding Wii U pricing.
Iwata had previously said:"The Wii U will "likely" cost more than ¥20,000 ($250/£150), Nintendo leader Satoru Iwata has revealed. "
http://www.eurogamer.net/articles/2011-06-08-iwata-wii-u-price-likely-over-USD250
And Reggie had a few months ago made that weird comment about disposable income:
"AllThingsD: Does that change as we get closer to the next-generation console, the Wii U?
Reggie: The market is going to continue to differentiate based on the types of experiences that consumers want. As an example, if I’m the head of a household of a family of four, and my disposable income is $50,000 to $60,000, I’m going to continue to look at the Wii because of the software, and it’s a great entertainment device.
For consumers who want to have the latest gadgets and have a higher disposable income, that’s for the Wii U."
http://neogaf.com/forum/showthread.php?t=456595
Now, maybe I am reading too much into it, but
when has Nintendo ever implied what their next console will cost so far ahead before release?
They are pretty much early on giving signals
(a heads up if you will) that the Wii U will cost more than expected. And I don´t think 50 USD more, as in $299. If it was going to cost $299, do you guys think Nintendo would bother saying anything about pricing so early on?
Therefore I am thinking at least 100 USD more, as in $349 (max $399). Even including the tablet, I hardly think the power level of the Wii U would be that low(considering the price).
I agree with bgassassins awesome post on what to expect.