After almost five years on the market, Nintendo has finally decided to drop the price of the Wii from $199.99 to $149.99, effective May 15. In addition, the Wii Sports + Wii Sports Resort bundle will no longer be available. The lower priced Wii, still available in black and white, will come packaged with Mario Kart Wii and matching colored Wiimote (with built-in Wii Remote Plus functionality), nunchuck, and Wii Wheel accessories. The new black Wii Wheel will also be made available for purchase separately for $9.99.

On that same May day, Ninty will launch the new Nintendo Selects collection of Wii games. The companies most popular Wii games such as The Legend of Zelda: Twilight Princess, Animal Crossing: City Folk, Mario Super Sluggers, and Wii Sports will sell for a low $19.99.

[Via Nintendo]