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This is not a rumor.

Of course they´re already working on their next machine, as they always do.
Remember how they started working on the N64 three years before its official launch? Even the WiiU and 3DS development started years before its launch. Nintendo always work like that. And this is one of the reasons why their devices are always feel (tech-wise) late to their competitors (with the exception of the GC, obviously)