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Staying silent is not an option for Nintendo, and staying silent until E3 is definitely not an option..

If Sony/MS are launching this year, then you can guarantee that E3 will be jam packed on launch and future game titles... what with the hardware itself, next gen games should create quite a lot of buzz from gamers. Even if Nintendo have a Zelda to talk about at E3, its going to get totally overshadowed by the money/PR/Advertising MS/Sony will throw at E3.

I really believe Nintendo are in for a very difficult year.