Reggie Fils-Aime, the President of Nintendo of America, has made it clear that they “don’t believe in pricing a product and then having to reduce the price some short time later”, and:
When we had to do that for 3DS, it was a very painful proposition for us. And what we did with the Wii at $249 and leaving it there for, I think, about three and a half years is very much consistent with our pricing philosophy.
It’s probably an uphill battle to regain the confidence of some early adopters, but I think there’s more to lose from a price drop than they could ever gain. Any price drop within a year or so of the Wii U coming out would just be encouraging people once again to hold-off from buying a system on day one.