This press release has been floating around. It states that the Wii U is “99% likely to go on sale in the UK for a sub-£250 Recommended Retail Price”. Of course, the more interesting story would be if this was somehow based on an actual source of information, but it’s not. The press release is from someone trying to market their site, but it blurs speculation into something more than speculation.
I won’t be surprised if the Wii U does cost less than £250. Just be wary of the way language is used. This story got a lot of air time and for no particular reason.