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famousringo said:
Looks like 'not sure yet' to me.

He's saying that the there are a mix of factors which define when the market is ready for a new console, and those factors aren't on a fixed schedule.

For example, if demand for HD-quality picture increases substantially, that's a reason to push out new hardware sooner. On the other hand, if more sophisticated control technology isn't available, that's a reason to delay releasing a new console.

So rather than planning to release Wii 2 in 2010 or some other fixed date, Iwata is going to keep an eye on the balance of factors and judge when is the optimal time to release the Wii 2.

I agree, and think there are factors some people miss an important factor ...

Over the next several years a variety of middleware and tool developers will produce software that will (potentially greatly) reduce the cost of development; at the same time the market will continue to grow which should ensure more stable game revenues. When it becomes financially viable Nintendo will move towards "Higher Definition" game development.