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I actually kinda think Nintendo is moving in this direction already. Notice how they are talking down the Wii U console as "just the box" and trying to downplay it.

The Wii U will be the last "Nintendo console" with a "box" for hardware. If Wii U is successful, the successor to that will just be the tablet itself with the chipset inside. You'd just have a small HDMI dongle so your TV/monitor can recieve a signal from the Wii U 2 (lol) base controller.