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Honestly with the amount of money Nintendo is making they could support the Wii for a ten year life cycle.

Its not a stab at Sony, its actually possible considering Nintendo themselves admitted they're spending money on research and development. Bottom line will be if a new system would increase development costs ten fold and not make them money back day one Nintendo of today wont even give the new system a second look over.

Let alone make a HD one when two giant corporations and a few unfortunate third partys showed its simply not profitable or financially safe.