I'm kind of torn by the announcement. While with all the stuff I buy I know I would benefit from the point system, I can't help but think that a missed oppurtunity occured with this conference. They have a looming problem with excess inventory heading into the 2k3 holiday season. While I can understand a price cut might have cannablized GBA sales, then why not put out a more aggressive bundle?
I expect the new game product would be the GBA successor. The PSP is already getting way too much hype, not only among gamers, but among some developers as well. I hope Nintendo also announces a new licensing structure because some 3rd parties are ready to jump ship completely when Sony gives the word.
I hope more news comes out of Nintendo soon about upcomming projects and their response to the overstock, because the last thing they need going into the next gen is the perception that they have given up on the GC and its fans.