Will Nintendo be Releasing a New Home Console in the Next 2 to 3 Years?

[IIIIITHE1IIIII]

That's some hardcore wishful thinking, by the looks of it.

 

"See Wii's position in the marketplace the last two years since it simply didn't have the hardware to compete with Microsoft's Xbox 360 and Sony's Playstation 3."

 

This assumption is what makes your entire argument fall.