eBay provides a cheaper alternative for Wii shoppers

Still shopping for a Nintendo Wii? Tired of the highway robbery taking place on online retail outlets? You may want to check out eBay for a cheaper alternative. Thanks to a surplus of Nintendo Wii units available, prices of Nintendo's console on eBay have actually gone down.

This is how it happened: some people had hoped to make a killing on eBay by selling a horde of Wiis to desperate buyers, so these same people bought in as many Nintendo Wii units as they possibly could. Thing is, the Law of Supply and Demand chose to assert itself.

As a result, Nintendo Wii consoles are selling for as little as 147 (approximately US 292), with more than 7000 units available on eBay as of December 20. Perhaps Yukari Iwatane Kane and Nick Wingfield were right about the Nintendo's psychology of caution after all.