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System to come in two bundles, priced at 26,250 ($338) and 31,500 ($405) yen respectively. 
Nintendo has finally revealed the price and release date of the Wii U in Japan during a recent live stream presentation on September 13. Details for the rest of the world are expected to be disclosed at Nintendo events being held in the US and Europe in the next few hours.
The upcoming system will be out in Japan on December 8 this year. There will be two bundles on sale with two different prices. The basic bundle will cost 26,250 yen ($338) and contains a white Wii U with 8GB memory. The premium bundle will cost 31,500 yen ($405) and contains a black Wii U, a Wii U gamepad charging dock and stand, a Wii U console stand, and 32GB memory. Both bundles come with a Wii U gamepad, a Wii U AC adaptor, an HDMI cable, and a Wii U gamepad stylus.
The Wii U gamepad will cost gamers 13,440 yen ($173) if purchased separately. The Wii Pro controller will cost gamers 5,040 yen ($65). Wii accessories will not be available with the aforementioned bundles; customers will have to buy the Wii remote, nunchuk, and sensor bar separately.
New Super Mario Bros. U and NintendoLand will both be launch titles for the Wii U; the former will cost 5,985 yen ($77) while the latter will cost 4,985 yen ($64). Nintendo also announced a Nintendo Network Premium plan where it provides points for game and software purchases, with a 10 percent points return for digital purchases. The program will run until December 2014.
According to Nintendo president Satoru Iwata, the system will support full HD 1080p resolution and has 2GB memory; 1GB will be used for running games while the other 1GB is for running the system's operating system. The game discs for the Wii U will contain up to 25GB, and the device will be able to read up to 22.5mb per second.
This story will be updated shortly with the North American and European release dates and prices. Nintendo's software announcements for the Wii U will start on September 13 at 11 p.m. JST (7 a.m. PST). For more information on the Wii U and its stable of games, check out GameSpot's coverage on the device.
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