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Satoru Iwata has said that there is currently no reason to make an HD compatible version of the Wii console, saying such an iteration would have no 'significant meaning' to users.

Despite speculative reports to the contrary, the Nintendo President told Venturebeat 'As far as the Wii is concerned, we have not found a significant reason to make it HD-compatible at this time. What is the significant meaning to the users? I don't think we should do it unless we find that reason.'

An HD Wii was heavily rumoured last October, and industry analysts have been confident that such hardware was imminent.

An HD Nintendo console is inevitable, however, with Iwata going onto say, 'If we decide for other reasons to make new hardware, then HD is one of the things we would naturally add.'

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As market leader, Nintendo won't need a new console until MS and Sony put one out. However, its nice to see Nintendo knows HD is a must for next gen. That makes sense as by 2012, HD will surely be in nearly all homes, if not all.