We constantly hear stories on how the Revolution will be cheaper then the competition, but we haven't gotten an official price point from Nintendo yet. The closest thing yet to an official price point just came from Satoru Iwata in an interview through Yahoo Japan. Mr. Iwata has stated that the Revolution will be in a different price point then the competitors, and that it will definitely be below $299 (stating the lowest price point for Xbox360).

Ok guys, how low do you think Nintendo will go?!

Check out the link for the translated Yahoo page.

Link