Here's one story regarding this:
http://www.gamemarketwatch.com/news/item.asp?nid=1106
Quote:
GameCube's Future Uncertain
Nintendo's president Hiroshi Yamauchi has done it again! On the Wednesday meeting of investors, Hiroshi Yamauchi made a shot and clear statement that puts the future of GameCube under a big question mark. According to AFX News, Hiroshi Yamauchi made the following statement:
"If we are unable to see a positive response at E3, this will have a disastrous impact on Nintendo... and we may have to consider freezing the GameCube business altogether."
However, Nintendo's president also emphasized his confidence on the success of GameCube presentation at the upcoming E3Expo in LA. After the recent announcement of GameCube's delay, E3 will definitely be a major indicator of things to come. Stay tuned for more information later this week.
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Things may have changed since the cut the price and sales have improved...but anyway.