Nintendo: Wii won’t cost more than $250

Nintendo announced today that it’s Wii console isn’t going to cost more than $250 bucks, making it by far the least expensive next-gen system that will be available. For those keeping score, the Xbox 360 costs between $300-$400, and the PS3 resides in the $500-$600 range.

There’s still no exact launch date (Nintendo only says “4th quarter of 2006″) but Nintendo is aiming to ship about 6 million Wiis between launch time and March 31, 2007, the end of its fiscal year.

The price really shouldn’t be a surprise to anyone. The Wii is expected to be the least powerful of the three next-gen systems, with Nintendo instead focusing on the innovative new Remote/Nunchuk controllers.