Personally, I see no problem with Nintendo skewing the conventional business method and making a profit off the hardware initially. They know people will pay 250 dollars for it, so that's just good economics on their part. I'm a little disappointed extra controllers are so much, but since I'm the only one in my household who plays video games, that won't make much difference since my friends will likely all have their own controllers.
Here's a release date and price list for all regions, for curious parties that are not in North America:
North America: November 19th, $250 US.
Japan: December 2nd, 25,000 yen (approx. $213 US, but no Wii Sports included)
Europe: December 8th, 180 pounds/250 Euros
Australia: December 7th, $400 Australian
Personally, I'm glad to see that Nintendo isn't giving Europe and Australia the shaft as far as release date goes (for those of you who don't know, the PS3 isn't going to be released in Europe until March '07, with no Australian date even announced). From my rudimentary understanding of exchange rates, I believe the Australian and European versions are a little more expensive, but supposedly distribution is not as good in those regions as it is in the US and Japan.