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The Nintendo equivalent to a VitaTV would actually be something like this:

Wii HD (Micro)

- Miniaturized Wii chipset (perhaps emulated by ARM processors), console is tiny, no disc drive, digital download only.

- Plays Netflix, Youtube, Hulu, etc., new media centric OS.

- Uses the Wii Remote

- Download Virtual Console games and Wii games up-resed in 720p HD.

$129.99 with Wiimote (no nunchaku). I don't believe Nintendo would ship something without a controller.