Let me remind people that the 360 came out late 2005. A 2012 release would be a 7 year gap, which is huge. It's never happened since the NES (and even then, only in Japan). I understand the reasoning behind why the current gen would be delayed more than past gens, but anything longer than 7 years is too much. To put it in perspective, the Xbox/Gamecube is 7 years old.
Also, in the past, Nintendo has never been the first to start a new console gen. The SNES followed the Mega Drive(Genesis), the N64 followed the Saturn/PS1, and the GC followed the DC/PS2. The DS is an exception, though it was released roughly around the same time as the PSP.
As for the Wii getting outdated - it isn't. That may be your opinion, but it isn't shared with the majority. It's the sales that matter here (we're talking about console gens), so unless they're declining, outdated isn't the best word to describe it. I'd wait till the Wii stops outselling the HD consoles combined before calling it such.
