Take a good, hard look at the electronics section of your local brick and mortar store, and you’re likely to find that much like a Nintendo themed version of Groundhog Day, getting your hands on a Wii in time for Christmas is about as easy as it was this same time last year. Yes my friends, it appears that that Santa’s little elves may have let us down once again. Replace the word Santa with Nintendo, and I think you’ll get the point.

Of course, you can always consider the prospect of setting sail for the shark-infested waters of the online auction opportunist — but that’s hardly an attractive way to purchase a hot item at a reasonable cost. So what is left for the weary consumer to do? Unfortunately, your options are limited at this point, should you be one of the unlucky many that are now looking to secure the few available Wiis that have trickled out of Nintendo. After much colorful language, and like the rest of us, you may be wondering just why the whole supply vs. demand thing hasn’t stabilized as of yet. Surely by now, Nintendo has learned to strike while the iron is hot!

Well my friends, it’s just not that easy. As the Wall Street Journal likes to say, Nintendo as a whole tends to err on the side of conservatism when it comes to running their business. Not sure what they’re talking about? Hit the jump and prepare to enter WSJ 101, the Nintendo chronicles.

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