Despite having unveiled the Wii's successor at E3 earlier this year, Nintendo plans to give its motion-controlled console a shot in the arm ahead of the busy holiday season with a slimmed down version of its existing model. Dubbed the "Family Edition Bundle" the new Wii package will come equipped with the refreshed console in classic white, a Wii Remote Plus controller with the nunchuck accessory and copies of Wii Sports and Wii Party to get you started.

This Is My Next claims the bundle will also carry a reduced price but so far an exact MSRP hasn't been revealed. Currently, the Wii is selling for $150 with a copy of Mario Kart and the Wii Wheel peripheral.

slimmer nintendo wii christmas

It's worth noting that the price cut and slimmer profile will come at the expense of one feature, though: backwards compatibility with GameCube games and controllers won't be available as it is with the current version of the console.

The move comes as Sony announced it is cutting $50 off the base 160GB PlayStation 3 to $250, while the 320GB version is now $300 and comes with a copy of Infamous 2 (released in early June with a decent Metascore) and a 30-day PlayStation Plus membership. It also announced a new budget version of its PlayStation Portable for €99 in Europe.

The redesigned Wii, designed to sit horizontally rather than vertically, is expected to hit European markets before Christmas but Nintendo remains mum on other territories.