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That all sounds pretty legit and fits nicely with previous rumors. Also states exactly what has been said by myself and quite a few others. They are not bringing another $600 monster to the table. They will instead focus on mid-high level specs to keep costs low enough to sell cost or just above at launch.

We'll see a $400 console at the most and something that is nominally more powerful than WiiU. This also supports the 2013 launch date. ;)