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Ok you can sit down Naz :P.

Games have switched developers before so it wouldn't be the first time if they gave Earthbound to a new studio for a console version while the former studio continues making the handheld version (which are Japanese only anyways so western gamers would be excited about a revival to us Earthbound).  That would seem reasonable in this case since Brownie Brown only makes handheld games and Hal hasn't made a console game in over 4 years while Monolith has made many console RPG's and is now a Nintendo 2nd party.

The problem with the 3rd party analysis is that it would have to be a major game that Nintendo fans sepcifically have been asking for that hasn't been made in 8 or so years (for westerners at least). Other than Rare's N64 games and a handful of Square-Enix SNES games I can't find any.

So basically pretty much every game doesn't satisfy all of their comments. Even Kid Icarus, which I think is by far the most likely one (it also seems to be the general consensus of other forums, comment threads, and web polls), is something as you've pointed out that doesn't meet their time related comments if taken literally.