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Nintendo would be embarrassed, and based on what they said, they have no reason to be embarrassed when they release HD unless that is the only thing new... If it's HD + other new features, they are fine.

Mcrosoft is notorious for not innovating. They always take other ideas, and polish them, so they are not the kind of company to be embarrassed over such a release, if anything it's expected from Microsoft.

Sony should be, and proably is a little embarrassed.  However, accepting that is better than remaining in 3rd place.