Nintendo has confirmed that a successor to its Wii console will be released next year.
Speaking to shareholders via an investor update, Nintendo said that the new home system would be shown at E3 2011 for the first time. The release reads:
"RE: Wii's successor system: Nintendo Co. Ltd has decided to launch in 2012 a system to succeed Wii, which the company has sold 86.01 million units on a consolidated shipment basis between its launch in 2006 and the end of March 2011.
"We will show a playable model of the new system and announced more specifications at the E3 Expo, which will be held June 7-9 2011 in Los Angeles."
Nintendo's Wii 2 has reportedly been named 'Project Cafe' behind-the-scenes, and features a custom IBM PowerPC CPU with three cores, a GPU from the ATI R700 family with a shader unit at version 4.1, and at least 512Mb of RAM.
CVG's sources have told us that the system will come with a controller that houses its own HD touch-screen.
Other reports say the console will be called 'Stream', will cost between $350 and $400 in the US and will be launched in October next year.