Nintendo have announced that the Nintendo Wii console will cost 25,000 Yen in Japan (that’s roughly equivalent to £119, or $220).

That does seem very cheap, especially considering that the DS Lite costs 16,800 Yen (£80/$150). Will the low price convince potential PS3/Xbox 360 buyers to buy the Wii? Having said that, Nintendo have said that unlike the Xbox 360 and the PlayStation 3, the Wii will be focused on games-only, and won’t include media features like the Xbox 360’s Media Centre Extender.

Only time will tell who will win the next-generation console war, with Microsoft’s console already released, the Sony PS3 coming in November and the Wii also coming soon.