OK, let's just stop the myth that the Japanese system costs $212. It doesn't. You can't do a Yen to Dollars comparison, it just doesn't work. There's a concept that many of you aren't familiar with which is the "purchasing strength" of currency. Factoring that in (I'm not going to bore you with the math, I did enough of that in another thread), the Japanese price of the Wii is actually higher ... only by single digits, about six dollars, actually, but still higher.
We're getting a HELL of a deal, not to mention getting it two weeks early. Do I wish it were $199? Sure, but who wouldn't? Will I still get one at launch? Yes, but the only other game I'll get is Zelda, where I might have picked up something else too. But since Wii Sports comes with it, I have something to play with the wife, and that's all I really care about.
So here's my package.
Wii - $249.99
Wii-Mote - $39.99
Nunchuk - $19.99
Zelda - $49.99
2GB SD Card - $52.99
Total: $412.95 before tax, roughly $450 total.