Cartridge technology has advanced significantly since the N64. Size-wise it has gone up 2-3 orders of magnitude - and for the same size memory, cost has come down 2-3 orders of magnitude.
They could bring a N64 'II' out now - and it wouldn't suffer from any of the same issues that the original did. Imagine a Wii without a disc drive, but just takes DS sized games in a slot.
Gesta Non Verba
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