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Wow, cool. Some options, in order of likelyhood:

New Handheld - like the recent patent filings with interchangeable inputs.
Wii U Lite - with fresh look and smaller gamepad.
Tablet
Phone
3DS Lite - fresh look.
New Home Console.

Those saying they wouldn't do it without a live conference seem to be missing the idea that Nintendo thinks the pre-recorded reveal is BETTER than the conference. I would expect all reveals to come by video now, including hardware. They aren't doing videos because they feel they have nothing.