News From the World of Video Games

It is being reported that Halo 3 sales hit the $300 million mark in the first week. I wonder if that Halo 3-flavored Mountain Dew is having similar success.

Get the press release on Halo's success from Microsoft here.

In other video game news, Nintendo has announced that it will be unable meet demand for the Wii this Christmas. The President of Nintendo of America says:

"We planned optimistically for the launch, but no one could have foreseen how much more popular Wii would be than any other system in memory."

Whether Nintendo is artificially holding down supply or not, the situation is certainly working in their favor. With less than jaw-dropping graphics and a short list of quality games, the system should not be competing with the XBOX. However, it is the top selling console on the market, and still has the power to create hysteria at Targets and Walmarts around the country.

Read CNN Money's take on the Wii's supply problems here.