And yet another rumor about 'Wii 2'..from IGN.

[Viper1]

SaviorX said:

Some of this stuff I refuse to believe:

• A price above $300
• The controllers with an expensive 6' color screen
• A 2011 release date
• Size bigger than an original SNES  in height

Now, this is where all you VGChartz tech masters come in.....

HOW CAPABLE IS A revamped AMD R700 GPU AND AN OVERCLOCKED triple-core IBM PowerPC chipset?

Much more capable than the PS3/X360.  The R700 series is DX 10.1 compliant (though it says revamped so it may be up to 11 spec or that may refer to the manufacturing process which would allow for faster speeds and less heat).  It would also push about 2-3 times the Gpixel fill rate (depending the on model it's based on) of the PS3..

CPU wise, depends on if it's still based on the same POWER generation as the Xenon CPU or if uses Power6 or Power7 generation.  If it uses the latter 2, much better performance.