Nintendo confirms Revolution will debut for less than $300

In the shocker of the year, Nintendo President Satoru Iwata decided to let us all know that they are indeed planning on dropping the Revolution for less than the Xbox Core system, no word yet on the rumors of Mario being a plumber. This just confirms the low-cost vibe we've been getting all along from the big N, and seems reasonable given the relative specs they're debuting with, so the main impact of this news is that Nintendo fanboys can officially break out those "our console will cost less than yours" party hats.