Christmas 2006 Hot Toys!

Wal-Mart corporate says, “We currently have plans for a Thursday, Nov. 16 midnight event to launch PS3. In addition, Wal-Mart store #890 in Orlando, FL will host the Playstation Patrol truck Friday-Sunday.” As for the Wii, Wal-Mart corporate says they are currently not accepting online pre-orders due to the popular demand, but are evaluating options for additional pre-orders before the official launch on Nov. 19. The Wii pre-order is online only, not in stores. They will let Joystiq know when a decision is made regarding the pre-order. Although the “Wal-Mart Wire” speaks directly to a midnight launch for the Wii, as does the poster above, details and confirmation can not be given at this time.

Full Story: Official Wal-Mart launch details - Joystiq

Following disappoint sales figures last week, www.walmart.com announced that it will be arming itself with low prices as it seeks to become the retailer of choice for the upcoming holiday season. In addition to the price cuts on a number of toys made last month by www.walmart.com , the retail giant will cut prices on a wide range of electronics to help lure in shoppers.

Wal-Mart cutting prices on more than 100 toys - USATODAY.com
Wal-Mart Stores (WMT) on Wednesday declared an early start to the holiday shopping season, cutting prices on more than 100 toys and games, effective immediately.

The world’s biggest retailer said the markdowns were “just the start of thousands of price cuts on key gift, entertaining and holiday items,” setting the stage for a fiercely competitive finish to the year.

Wal-Mart said the price cuts include the Hot Wheels Radar Gun, made by Mattel (MAT), for $20, down from $29.74, and board games such as Hasbro’s (HAS) Monopoly Here & Now for $15, down from $28.96.