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Of course not. The 3DS just launched with the ability to play bigger and better games as dubbed the "New 3DS" This expands the 3DS life by at least a couple of years if devs can research the best ways to expand accordingly to the new GPU.

I mean come on, we're getting Xenoblade. On a handheld. If we don't get more out of that in the future, then I won't even understand the point in making a brand new 3DS model. 

This just in: We're in for a treat (and not just for the long-awaited Xenoblade)