Nintendo to reveal Virtual Reality device at E3

[Soundwave]

Name gives it away as fake. Even if Nintendo was making a VR system, no way would they name it such that it drew comparisons to their biggest hardware flop.

That would be like Sega making a new console but opting to call it the 32X-2 or Sony wanting to keep the Vita name. 

That just reeks of a fanboy making up a story and thinking "gee, this would be a neat name" without really thinking about it.