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Kenryoku_Maxis said:

 According to sources with knowledge of the project, Nintendo's next console could have a retail cost of anywhere between $350 and $400

AHAHAHAHA!  Come on IGN.  At least produce plausable lies.  Aside from the fact Nintendo would never make a Product over $300 in the current market, something that is 'near or slightly above the power of the XBOX360' would not cost $350.

Nintendo doesn't really care about the consumer as much as you make it sound...

They released the 3DS at $250, when it apparently costs like $100 to make, then I'm pretty sure they'll want to make just as much, if not more profit on the home console.