I remember before the N64 was even released my uncle at IBM said Nintendo was working on Project Dolphin. Nintendo also said that the Wiimote had been in the works for the past 10 years or so. Then at E3 2006 when the Wii was unvieled Miyamoto said Nintendo's next system would be an HD supporting platform.
To be honest I think the Wii's shortage of graphics was simply Nintendo trying to give us a cheap console. Nintendo wanted to give gamers a mainstream platform. I think Nintendo never stopped working on visuals since my uncle at IBM got a raise and is now hire up he says he's not allowed to talk about Nintendo's projects anymore.
I bet Nintendo's next console will be more powerful then the PS3. You never know how strong Nintendo will choose to make it. But I can gaurantee you Nintendo will make it as cheap as possible to yeild maximum profits like they have every generation since NES!
-JC7
"In God We Trust - In Games We Play " - Joel Reimer
