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I don't blame him for his pesimism but he also has to realize that the Wii has yet to really showcase any accomplished game that is targeted towards the Japanese audience outside of causals.

We also have to remember that large part of Square's stock is owned by Sony so possible motivation to naysay competition may be at play here as well. Konami who is similaraly tied to Sony has also issued similar statements, though more insulting, towards the Wii saying it isn't mature enough to handle their games.