Where the heck do you have it preordered? No Gamestop I know of will let it be preordered yet because they don't know the launch price yet, and most retailers won't do it yet either.
That hasn't stopped retailers before. Usually they enter they enter the price as $999.99 until then
Indeed. Some employees at my local GameStop told me that Wii U games right now have a placeholder pre-order price of $99.99 as well.
Why is the placeholder price $99? Wii U games will obviously fall within the $50-$60 range, since they are comparable to Xbox 360 and PS3 games.
It's just a default number. It's like how placeholder release dates tend to be on the 1st or 15th, just standard. Makes it easier to just lower it down to the actual price. I am sure they have an official reason, but that is basically why.