Take it with a big grain of salt:
Via Go Nintendo:
"At GDC, we heard reference to Nintendo's "Project Butterfly", the intended succesor to the Wii. No specs were given, though the hardware is designed to be physically upgraded over time. As it was explained to us, by plugging in new parts it 'becomes' a new machine. It will be marketed as the antidote to Apple's yearly redesigns. One machine, for life."
With the reference to GDC in the blurb, I'm thinking this is an April Fools' Day joke from NGamer. Take it as you will.
Source
http://gonintendo.com/viewstory.php?id=155581
http://3anime.com/wii-2-rumors-project-butterfly-as-nintendos-next-console/3827#
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I'n not sure if this's real, but the idea is something strange. Could work?
Proud to be the first cool Nintendo fan ever
Number ONE Zelda fan in the Universe
Prediction: No Zelda HD for Wii U, quietly moved to the succesor
Predictions for Nintendo NX and Mobile