If you read the wording closely, it says that it's a Canada exclusive through the holidays. Which means that it will be brought to other territories at the beginning of the new year I presume.
Or it means that it won't even be in Canada after the holidays. At which point it'll be worth even more.
It probably won't be able to play GC games because the "family edition" removed support for it. So while I can see them making it even smaller... I don't really see a point. Maybe to save material costs while they ride the death out? :/ It's probably a fake rumour.
That's true. It might also be a surprise with perhaps two GC ports instead of four, and just a single memory card slot. Then again, I might be out to lunch. Of course, it would probably cannibalize their own sales if they made GameCube games available on the Wii U Virtual Console/eShop. Then again, how would we manage with controls? Even the Pro Controller doesn't line up with the GC controller unless you remap all the buttons to be inverse (analog on the top, buttons on the bottom).
This makes sense and it doesn't. The consoles can only be so much smaller in width because the DVD is a fixed length. The length could be shortened, as well as the height slightly, but there still needs to be enough room for GameCube ports and memory card slots as well, assuming they don't remove those.
The only market I can see for this is the crowd that wants to play GameCube games because they can't do that on their Wii U. Of course, that is a feature that Nintendo could take out of the Wii Mini or whatever it's called.
Given that the console hasn't been announced and the Wii U hasn't been out for more than a few weeks, we just don't see this happening. Then again, more bizarre things have happened before.
Following Nintendo's trend, we won't see a price drop on Wii U until 2015. The Wii stayed at the original price from November 2006 to September 2009, nearly three full years.
It will also depend on supply and demand. If we have the same shortages with Wii U that we did with Wii, there is no way Nintendo will be cutting the price in the first two years, and it certainly won't be happening within months.
It is very much necessary to remember that Nintendo has had Wii U in development for about three years, if not longer. That includes salaries of a research and development staff for three years, in addition to prototype manufacturing (each prototype can cost anywhere from $2000 to $100,000, believe it or not), design, software development, and testing.
Then there's actually building the Wii U itself and hoping to make some money on it.