Nintendo today announced a price range of its newest console, Wii. There is a rumor floating around the internet. They also announced promotions from Nintendo of America. Find out more inside. Updated May 25, 2006.

Nintendo finally announced what consumers can expect to pay for their Wii when it is released later this year. The Wii will cost no more than $250 in the United States and ¥25,000 in Japan. They also expect to sell 6 million units from the time of release until the end of the Japanese fiscal year of March 31st, 2007.

A very nice price and very high goal for Nintendo for its upcoming console. Even though a set price was not announced, we still have a estimate of what we will be dishing out for a Wii later in the year.

There have been rumors floating around the internet about the possibility that the Wiimote will have a built in microphone, to allow for Karaoke games, or any games requiring a microphone. These rumors started when was redirected to Nintendo. Some rumors are also out there that say that the mic might be used for VoIP, like that of XBOX Live. These are just rumors and have yet to be confirmed.

Also, Nintendo of America announced today promotions within the company. Reggie Fils-Aime, VP of Sales and Marketing, is now the acting President and COO of Nintendo of America. The man who said that Nintendo will kick butt and take names is now in charge of the same company. Hopefully he can keep Nintendo pumping now that he is in charge. Although he was promoted, he will still oversee Sales and Marketing as well. The former President, Tatsumi Kimishima, is now the CEO and Chairman of the Board for Nintendo. A third unrelated promotion sees Mike Fukuda, Senior VP of Business Development, being promoted to Executive VP of Business Development.