An internal memo floating around from the good folks at Best Buy seems to confirm all of those upcoming rumors about a Wii price drop. The drop, according to the statement, is set to be officially announced by Nintendo on Friday, and carried out by Best Buy and the rest of the retail world on Sunday.

The console's price will be set at $199.99, down from its long time price of $249.99, which should help keep the popular console competitive in an economic environment that's finally begun taking its toll on the gaming industry.