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What reason does Nintendo have to release a new handheld? Currently the DS is (amazingly) dominating weekly/monthly/annual sales charts in HW and SW. The DS is just as strong now as it was when it launched. With the success that the DS currently has, I wouldn't be surprised if Nintendo pushed the lifespan of the DS out past 2012.

I would actually be willing to bet that the 360/PS3/Wii will see a successor before the DS.