QoL was the platform Iwata was talking about when he said he would give more detail on the business strategy later this year, "deployment of initiative"(FY ending Mar'16), then getting profit the next fiscal year (FY17). The new platform that redefines video games  that requires two years was or is still QoL, he talks more about QoL and "redefining" in Question/Answer #4".

As for new platforms, here's my theory: I think QoL may come in late'15-to-early'16. It probably wont be what some people are expecting, it will be cheap (maybe below $100, but I'll range it at $50-150). QoL games in-terms of complexity will be mobile-to-eShop-level games with a few 3DS-like games pushing the limit. Small dev teams with dev time of around 2yrs or less and 1yr cycle would not be uncommon.

The idea is to create a low barrier of entry for mass market appeal as well as solving the problem of cost and game output. Their is another upside to this, cheaper means lower risk for Nintendo just in case this new pillar fails or starts really slow.

QoL will be out in spring 2015, I think Nintendo's already said that before, I think they will unveil it early next year and I think it will be more unconventional and pretty far removed from gaming than people think. I thought it was interesting in reference to QoL that Iwata stressed that Nintendo has only been a game company for about 30 of their 125 year history, so I think he's setting the stage for a product that is very different from their game business (and that's kind of the point -- they don't want to be at the mercy of a volatile, always shifting game market). 

The other Nintendo platform that "redefines" video games that Iwata mentioned would take two years, but that's a pretty good buffer gap there.

QoL = spring 2015
New Nintendo gaming platform = spring 2016

Nintendo should move quickly if they are readying a fusion type device, because it could be old hat if they wait too long. The Wii U tablet probably seemed like a great too ... in 2008 or so, buy by the time Nintendo brought it to market by 2012, everyone and their grandma was saying "uh, I already have a tablet, what's so special about that?".

Apple/Google I think are going to be moving to integrate their iOS/Google Play apps more and more with televisions in the next couple of years, Nintendo needs to move quickly on this if they want to not look they're late to the party again.

Btw did he ever say from today and it will be out 2017 and will be shown 2016 this is just pure speculation i agree with everyone saying 2017 sounds right

Only thing i agree on is a new handheld will be released in 2016 thats it but new home console even if it is a hub not tell 2017

Well, Iwata did say next fiscal year, but I thought spring 2015 seemed too early and a holiday boost made more sense. Here's there original QoL words back in Jan: "This new business will be launched during the fiscal year ending March 2016, which begins in April 2015. " Some website's were reporting April as a literal date, but nintendo was the time of the next FY. If your are right about your interpretation, would nextDS in late'16 count as two years?

I had more to say about QoL and I don't see it as a video game device in a traditional sense. Game on it will be Wii-series and Brain-age-like. I think Nintendo would want to position QoL as their main platform in emerging markets to get a big foothold in some traditionally non-console-gaming countries. Consoles may be niche in some countries but health concern is not. I'm expecting it to connect with smart devices, nextDS, nextNES, etc. Connecting to Nintendo devices would probably be recommended for best results. They will all share compatibility, connectivity, online, OS, dev sofware, and arch/ISA but each will  have disctint differences (type of games/soft, target market, and form factor). That is my idea of Nintendo's unification or fusion.

I think 3DS' successor in late'16 or early'17 and late'17 for WiiU' successesor. I've seen your previous posts about Fusion, I'm wandering what did you mean by that? Because I don't think Nintendo would merge their handheld and consoles for the reasons Shadow1980 wrote. Nintendo themselves recently commented on this in Question/Answer#6:

"Currently, Nintendo has both the home console and handheld platforms, and we would see great results if both of these platforms performed very well; however, our business would become mediocre if one of them faltered, and if both of them were to falter, it would very negatively affect our business. We have decided to establish new business platforms not for being pessimistic about the future of the video game business, but to prepare for a challenging situation."-Iwata

This is how I see it. QoL will launch in 2015, and it will not be a gaming platform as we imagine it. At most it'll be something Wii-like, but I doubt it.

The next handheld (which might be something Fusion-like) is set to launch in 2016 (or Spring 2017 at the earliest, but that's doubtful).

The next home console will launch in 2017.

There's one big advantage of having a Fusion console with handhelds and home console integrated; Nintendo isn't a big enough company to produce games for two HD consoles (which the next HH will be). Games these days just requires too much manpower to make, and Nintendo can't make games fast enough as it is today!

But there's one big disadvantage with the Fusion as well; if it bombs both the HH and home console will bomb! That means Nintendo is screwed as a hardware maker altogether.

But I agree that if Nintendo's next consoles (HH/HC) bombs, they will move over to become a 3rd party developer. And I can't believe I'm typing this, but if their next HH and HC bombs I WANT them to go 3rd party...

both consoles are now making a profit for each unit sold... and iphone and ipad are both portable in my mind. people uses ipad like phone/camera and little more (talking about the mass of people; I mean you see people talking at the Ipad screen for ABC sake!)

we need something more than that and I think 2017 it is too near to chaneg both platforms...

and I don't think they can concentrate many people on working for games for their next generation when we need more games on WiiU.

Wow, some people seem to know more about what Nintendo are doing than Nintendo themselves. New hardware is most likely in development, as is always and we know QOl will be revealed next year. After that we know nothing, so why are some so matter of fact when it comes to nintendos plans.

You should re-read that quote, it doesn't say what you think it does. 

Let's face it. We're getting Wii U portable ... with two screens and 3ds compatibility.