The Nintendo Wii has been the darling of the video game industry ever since its launch three years ago, quickly attaining cult status and massive sales, propelling the house of Mario to the top.

Unfortunately, the global economic downturn has resulted in sales declines across the board including the once-invincible machine.  Nintendo is now rumored to cut the price of the Wii from $249 to $199, long known as a price barrier that, once broken, leads to a deluge of sales.

The reports come from purported scans of an upcoming Toys R Us ad, and, if true, would follow price cuts on both the Xbox 360 and PS3 leading up to the big holiday season.