Confirming at least some of the rumours that have been swirling around the interwebs for the past week about it releasing a new console, Nintendo has confirmed (as we reported earlier this month) that it will be previewing the successor to the Wii at this year's E3. Nintendo has stated it will provide a "new approach" to home game consoles, but that this new approach will not be 3-D gaming.
According to Nintendo President Satoru Iwata:
"As for the details of exactly what it will be, we have decided that it is best to let people experience it for themselves at E3," Nintendo CEO Satoru Iwata, told a news conference.
"So I won't talk about specific details today, but it will offer a new way of playing games within the home."
According to both the Toronto Star and Bloomberg [via: kotaku], long-term profitability appears to be the motive behind the move. With the PS3, 360 and PSP eating in to Nintendo's sales, and with the Wiimote no longer the only motion-control giant, the company appears to be positioning itself to maintain its sales lead.
We'll have more for you as it develops.