"Value has been a key card for us this generation and we'll continue to play it," Fils-Aime told me. "Do I expect us to be at a lower price point than our competition? Yes I do. Have we determined a price yet? No we haven't."
Nintendo also has stated that they believe consumers will want enjoyable games over flashy games with high tech features. Whether or not this is true is hard to say, as companies have shown in the past that boring, but pretty, games, can often sell well. The exact price of the Revolution isn't known, but it will probably be in the $150-200 range.