Nintendo is rumored to release its HD version of Wii. Nintendo Wii has been the best selling console in years but is starting to lose its grip to that title. According to sources, Nintendo plans to unveil the new Nintendo Wii HD in the E3 conference in Los Angeles this June. There are no solid information yet about the rumored new console. This comes after Nintendo announced that it will be cutting the Wii's price to $150 from $200. It is said that Nintendo has been loosing sales and profits with its Wii and DS. The new price cuts will be effective May 15 said Nintendo. So better not buy that Nintendo Wii just yet.