Nintendo has released a statement saying that they will drop their retail price of the Wii system to $149.99 and it will also come with a copy of Mario Kart and it will be released on May 15th. This new package will also come with a Wii Wheel. Also it states that on the same day, May 15th, they will release a collection of must have games for the Wii called Nintendo Selects. In the Nintendo Selects pack you will also see that Twilight Princess is a must have game for the Wii. These games will be priced at $19.99.

Below is the press release that Nintendo issued on there site:

NINTENDO UNVEILS NEW WII PACKAGE AT $149.99, LAUNCHES ‘NINTENDO SELECTS’ $19.99 WII GAMES

Having Fun with Family and Friends Just Became More Affordable than Ever With New Suggested Retail Pricing

REDMOND, Wash., May 4, 2011 – Nintendo is dropping the suggested retail price of its Wii™ system to $149.99 and including a Mario™ game with the Wii hardware. Starting May 15, the newly priced Wii system will come in either black or white with the Mario Kart™ Wii game and a matching colored Wii Wheel™ accessory, replacing the previously included Wii Sports™ and Wii Sports Resort™ games.

Also on May 15, Nintendo launches the new Nintendo® Selects collection of Wii games, a set of popular games that millions of people have already experienced, at a suggested retail price of $19.99. The four must-own games in this collection are The Legend of Zelda™: Twilight Princess, Animal Crossing™: City Folk, Mario™ Super Sluggers and Wii Sports, which is available for the first time as a separate software purchase. Parents and video game fans can now easily expand their library of fun, family-friendly Wii games.

“From the day it launched, Wii has let players of all ages and experience levels have fun with one another,” said Nintendo of America President Reggie Fils-Aime. “The new suggested retail pricing for both the hardware and select games will help create more of these magical moments for even greater numbers of people.”

With Mario Kart Wii now included with the Wii hardware, players will be able to enjoy fun go-kart racing with Mario and all his Mushroom Kingdom pals right out of the box. The Wii Remote™ Plus controller, Nunchuk™ controller and Wii Wheel included in the package will all match the hardware, meaning they will be either black or white. The new black Wii Wheel will also be available separately at a suggested retail price of $9.99.

Source: Nintendo Press