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trestres said:

Nintendo has 26 First/Second party studios. They also have quite a few 3rd party semi-exclusive studios like Monster Games, Shine'en, etc.

http://gamrconnect.vgchartz.com/thread.php?id=44028

Check them out here, I'm keeping the list up to date as best as I can. There really is no excuse for this drought. They are outsourcing everything. This only points out at a new console being unveiled very soon.

You're making some pretty big assumptions when you say this, such as that all the studios' projects will result in release (they don't), that none of them are involved in hardware/software R & D (some are), that they're not juggling four separate platforms (they are), and that studios don't temporarily combine to work on projects (they do).

More the to the point...Shin'en?! You do realize they're only two people, AND that they're nonetheless releasing new games pretty quickly (FAST is coming to WiiWare soon).