No Longer a Rumor: Nintendo Confirms Wii Successor in 2012

Possible Screen shot of Project Cafe

PC world is reporting this morning that Nintendo has formally "announced" their next video game console instead of pretending that they don't care, (or that they don't know what we are talking about) or by speaking in Vague-ties and NO Comments.

The company the the details drop on it's 2011 financials, admitting there is indeed a new console just around the corner.  The Project Cafe, often rumored has now been confirmed and should be available in 2012, however the first look at it should be in less than 2 months at E3 2011. 

So what's still be speculated by the console?  HTDV Support, a Blu-Ray Drive, Backwards compatibility with the Wii, better motion controls than the PlayStation Move, and that it's slight more powerful than the Xbox 360 and PlayStation 3, Ability to stream game or video anywhere and a table controller.

A rumored system name was 'Stream'.

Source: PCWorld, AP, BBCNews