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1.
Backlash from the announced price of the Playstation 3 caused many people including Microsoft and Nintendo to endorse buying both systems because you would get an arguably better gaming experience for a certainly lower price. Thus, the Wii and the X-Box 360 names were combined to coin this term.
I can't afford a PS3... so I'm getting a Wii60!
by Phil Harrison May 28, 2006
 
2.
An idea and website of the combination of Nintendo's Wii and Microsoft's Xbox 360 that sprung up following the events of E3 2006. Sparked by the alarming announcement of the PS3's $600 price tag, gamers realised that they could buy both an Xbox 360 and a Wii for the same amount.

Since then what started as a small idea has grown into a website (www.wii60.com) and forum communtiy with a large fanbase. Contrary to popular belief, Wii60 is not comprised of a bunch of Sony-bashing fanboys but a group of gamers who like both the 360 and Wii
"I bought a Wii and an Xbox 360, so now I have a Wii60!"
"Wii60 FTW!"
by Name Taker March 04, 2007
 
3.
A union between Wii and Xbox 360 fanboys,primarily out of spite towards Sony,they follow the idea that buying a Wii and Xbox 360 equals the Ps3 is price and is greater in value. They often use the Exclusive games on the Xbox 360 as a crutch to "combat" the Ps3,many view it as a one sided union with the 360 having a larger fanbase and more power.
"The Wii60 is better,cause for the Price of the "good" Ps3 I could get a Wii and 360"
by Here Boy August 28, 2006
 
4.
The abstract embodiment of fanboyish jealousy.
M$ fanboy: "Let's not buy PS3 because it's cool!"
Nintendo fanboy: "Yeah! A Wii60"
by Manimog November 04, 2006