No Wii U price, release date until 2012

Satoru Iwata, speaking to a group of investors, has said the Wii U won’t be given a price or release date until sometime in 2012. Pointing out that the new console is still in the “development phase without very specific proposals on the software titles,” the Nintendo president wants to wait until “specific proposals” can be fully explained.

Those proposals could be referring to pricing plans, differing hardware configurations, or the fact that early 3DS adopters are upset over the recently announced price drop occurring just six months after the handheld’s release. If that’s not the main reason, it has to be a sizable factor, since Iwata mentioned the fact specifically.

“With regard to the influence on the Wii U, what we have to take most seriously is that the price markdown could damage the trust of the consumers who bought the Nintendo 3DS just after the launch,” said Iwata. “I feel greatly accountable for it. Our decision of the price markdown this time has a side effect that, at the launch of the Wii U, people may feel that the price might drop in the near future if they wait. What we will be able to do to recover the consumers’ trust before the launch of the Wii U is very important to us.”

Who thinks they’re probably just hoping we’ll forget about the price drop by the time release rolls around and flock to the new Wii U like lemmings?