Nintendo apparently confirmed the suspected $199.99 price point on a retailer conference call.
Sunday, September 27th is supposedly when the new Wii price point comes into effect according to Nintendojo. The pricing and date was apparently given out at a recent retail conference where Nintendo disclosed the information.
Cool. About time they lowered the price, now they can continue to kick the other systems butts
Confirmed
http://www.engadget.com/2009/09/23/nintendo-finally-confirms-new-199-wii-price/