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The GBA was selling faster than the 3DS and was replaced after 3 1/2 years.

The 3DS is already showing year over year declines too (fairly major ones in Japan from the looks of it).

Nintendo's portable market is under siege from kids getting indoctrinated by iOS/Android gaming every day.

But yeah, sure. They can't possibly be thinking about a new handheld that would still be almost 2 years out from today.

Lol, Nintendo fans, so adorably out of touch with reality (the Wii U is going to bounce back any day now too, right?). In two years this thread will be funny to read.

I'll go even further and say the next 3D Mario and Animal Crossing are also likely being developed with cross-platform sales in mind. Nintendo is not going to leave those efforts to rot on a dwindling Wii U userbase when their handhelds sell so much more and could open up those games to a much larger audience.