I think we need to breakdown the prices and see that the Wii is still much cheaper since it gives you more right out of the box.
So right now the price break down is this:
Wii = $250 includes wireless and a 512M memory with free online.
X360 = $299 + $99 wireless + $99 harddrive + $50 for wireless controller with monthly fee online. Total = $546 + monthly fees
X360 = $399 (with Wifi and hardrive) + $50 for wireless Total = $448 + monthly fees
PS3 = $499 (Wifi? wireless controller, HDD, and Blu-ray)
PS3 Prem = $599 (Wifi? wireless, HDD, Blu-ray, memory card slots, HDMI)
I think in the end, Wii is still much cheaper for what you get and the X360 and PS3 is price closer to each other for their features (well, blu-ray is a big plus). Its a good value if you consider the features for the price. Of course another question is if we need these features. I think everything packed into the Wii is needed.
At first, I was disappointed in the price, I really wanted one at $199, but after doing the math, I feel better and will get the Wii
