That seems counterintuitive, considering what price cuts have done to previous products like the Gamecube. To quote Adam Sessler, it started selling like hotcakes. Hotcakes covered in crack.
Robert Ewing said:
It's all based around gimmicks. And the breaking point here... It's just not a cool console to own... Nobody wants one. It's a very closed sub-culture that are the fan base for this sort of thing. Nintendo need to concentrate on getting the sheep to buy their stuff, by making machines bigger, more powerful, and prettier.
So they can either try and be innovative, or go for the standard bigger-stick approach.
It's a sad, bleak world you live in, and apparently one where the Wii was an abject failure trying this exact same strategy, which Nintendo inexplicably tried to repeat with the 3DS.