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I call bogus on this rumor.  8GB doesn't even make sense, the 3DS can already take in a 8GB microSD card.  Terrabyte hard-drives are currently selling for around $50.  Nintendo could probably get a 2501080P shouldn't be that much harder to do than 720P resolution for a 2012 console.  Reggie just said that Project Cafe would try to attract a very different audience than the discounted Wii. 

If Nintendo comes out this underpowered for the next-gen, you can count me out.  I will just stick with my 3DS and my PS3. 



 

Most anticipated games of 2011:

Uncharted 3,Legend of Zelda: Skyward Sword, Rocksmith

Modern Warfare 3, Super Mario 3D