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Fudzilla is reporting that Nvidia ION 2 is set to launch within the last quarter of 2009. Nvidia’s ION chipset hitting the netbooks and the general consensus appears to be that it was well worth the wait.

However, Nvidia would not want to cannibalize sales so soon after ION’s launch. It will be surprising if ION 2 netbooks launch before 2010.

The interesting part is that we are expected to see switchable graphics next year that will allow you to disable the Nvidia GPU to preserve the battery when not needed.

In other news, Fudzilla is also reporting that netbooks based on 1.66GHz Atom Pineview processors will see their Intel suggested retail price drop from $299 to $249-$299.

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