We have given you a lowdown on the Wii Fit already and there are plenty of specs that we love, but the great news for out Japanese cousins' is that Nintendo is releasing the Wii Fit in time for them to include it in their shopping list. Nintendo's announcement comes just a day after Sony announced that it would cut the price of its PlayStation 3 by 10 percent in Japan and launch a new, lower-priced PS3 model. Wii Fit will go on sale on December 1 for 8,800 yen ($75). It features a pressure-sensing mat called the "Wii Balance Board," that can sense motion, enabling players to "head" virtual soccer balls and experience ski jumping on a TV screen. The board can also be used for such activities as yoga and aerobics.

"This is our most important product for this coming year-end," Nintendo President Satoru Iwata told a news conference. "With 'Wii Fit', we will be aiming to expand the definition of videogames as well as our user base." Wii Fit will be launched in overseas markets in 2008.