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Soundwave said:
They said something about it redefining what it means to be a game console.

My guess is this will be similar to the Wii or Wii U (take your pick) and not a "conventional" type of console. Weird/cool/crazy/wacky controller + unified OS + average/low specs is what I'd expect.

And they really can do whatever the hell they want now. With smartphone games giving them a steady future second revenue stream now, the pressure is really off Nintendo.

Good point on the redefining aspect.  That could mean a lot.  One thing I think all three companies (or two if Microsoft leaves) will do next gen is focus on the idea of game consoles as specialized gaming devices.  For the latter half of last gen and then this gen, consoles have tried to be all things to all people to a degree, with a large emphasis on multitasking in the living room.  But with smart devices - especially smart TVs - absorbing those functions, the greatest market for consoles is them being just that - consoles, targeting that enthusiast market who really wants that dedicated device, turn-key experience for gaming.  I expect each will try it their own way, but I think that this is fairly guaranteed.  Nintendo branching into mobile could help them do this, as they can bump a lot of casual or non-gaming/pseudo-gaming apps and functions to those devices.