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Looking at this list of so many development teams not having anything known in development but obviously working on something really has me wondering.

I'm thinking maybe Nintendo is sitting on some of their mainstay 'franchise' titles - Kirby, DK, StarFox, etc. Possibly with many of these in finished condition. As suggested already.

But here's why: They want to increase their userbase first and basically educate this large group of novice players on how to play prior to releasing classic franchises - resulting in far greater sales. Alternatively they could be saving them for if and when Wii sales begin to wane.